This stabilized multifamily offering presents a rare opportunity to acquire a well-located, fully occupied 6-unit building in Newark’s thriving Ironbound neighborhood. The asset consists of six units plus three off-street parking spaces. The property features a mix of 1-bedroom, 2-bedroom, and a 3-bedroom/2-bath unit, appealing to a wide tenant base. Recent operating attributes include gas baseboard heating, individual hot water tanks, and separate electric and gas meters—ideal for reducing ownership overhead and simplifying tenant utility billing.
The building sits on a 0.06-acre lot, and its central location provides easy access to major highways, transit, schools, and local amenities. Strong rental demand, combined with flexible tenancy and Newark’s continued growth trajectory, positions this property as an excellent value-add or long-term hold investment.