Listing Details

23 Foundry St,Newark City, NJ 07105-4609

  • January 7, 2026

Description

Right in Ironbound, Newark, your multi family investment search ends here! Welcome to 23 Foundry St, Newark, NJ 07105 ” A Prime Opportunity in the Heart of Ironbound!This legal 2-family home is perfectly located right off Ferry Street in one of Newark’s most desirable neighborhoods, Ironbound, Newark. Whether you’re an investor seeking rental income or a homeowner looking to live in one unit while renting out the other, this property offers incredible flexibility and value.Each unit features two spacious bedrooms and one full bathroom, providing comfortable and functional layouts. The finished basement includes bonus rooms with a separate walkout entrance perfect for extended living, guest space, or additional income potential (buyer to verify use).Enjoy the oversized backyard, ideal for gatherings or creating your private outdoor retreat. With its unbeatable location in the Ironbound known for its vibrant culture, restaurants, and transportation access this is a rare opportunity to own a versatile and income-generating property in a thriving community. Being sold AS-IS.

Details

Last Updated On: January 7th, 2026 at 10:27 am
Property ID:PT-26408489-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 599,999 $
Bedrooms:4
Year Built:1890

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 35.10X100
Lot Identifier: 16
Lot Identifier: 16

Home Details

Subdivision: Ironbound Section
Open Parking: 0
Basement: Yes
Basmnt/Desc: Yes - Finished, Full, Walkout
Acreage: 0.08
Total Baths: 2.00
Unit Style: 2-Two Story
Number of Units: 2
Rooms: 10
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Flat
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit 1 Levels: 1
Unit 1 Rooms: 4
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Dining Room, Kitchen, Laundry Room
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit 2 Levels: 1
Unit 2 Rooms: 4
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Dining Room, Living Room
Block Identifier: 2400
County Number: 16
Town Number: 1614
YB/Desc: 1890 - Approximate
Easement: Unknown
Parking/Driveway Description: On-Street Parking
Block Identifier: 2400
County Number: 16
Town Number: 1614

Utilities

Heat Source: Gas-Natural
Heat System: Baseboard - Hotwater
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-02400-0000-00016-0000-
Tax Amount: $6,837.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $67,000.00
Building Assessment: $112,800.00
Total Assessment: $179,800.00
FHA Age Restricted: No

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