369 E Kinney St - Apartments FOR SALE


Newark, NJ 07105- North Ironbound
$1,425,000 USD
973-344-1000
369 E Kinney St, Newark, NJ for Sale
$1,425,000 USD
Apartments - FOR SALE
1/61
null | 6.2% Cap Rate

369 E Kinney St
Newark, NJ 07105
North Ironbound


OVERVIEW

Six-family investment property located in the Ironbound. The building features one 1-bedroom apartment and five 2-bedroom apartments, offering excellent rental demand and consistent income potential. Property is in good condition, making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements. Well-maintained units appeal to long-term tenants and support stable occupancy. Conveniently located near major highways, public transportation, schools, and local amenities. Positioned in a growing Newark market with continued redevelopment and upside potential.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,436 SF

ZONING

R3

APN/PARCEL ID

14-00979-0000-00008

ASK ABOUT THIS PROPERTY

Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.