For Multi Family

43 Paterson St,Newark City, NJ 07105-3227

January 3, 2026

Newark Ironbound, location, location, near Ferry St, several blocks from Newark Penn Station, near grocery and retail stores, restaurants, coffee shops, Newark Airport etc. This 2 Family home offers, first and second floors 2 bedrooms, kitchen, living room and full bathroom, finished attic and finished basement.

Property ID:PT-25227801-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 749,000 $

Bedrooms:4

Year Built:1900

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X83

Lot Identifier: 6

Home Details

Subdivision: Ironbound

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished

Acreage: 0.05

Total Baths: 3.10

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 8

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: T B A

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas

Unit 1 Handicap: No

Unit 1 SqFt: 900

Unit 1 Rent: 1800

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 1 Security Deposit: 1800

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Heat, Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas

Unit 2 Handicap: No

Unit 2 SqFt: 900

Unit 2 Rent: 1850

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Security Deposit: 1800

Garage Description: On-Street Parking

Block Identifier: 2037

County Number: 16

Town Number: 1614

YB/Desc: 1900 - Approximate

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 2037

County Number: 16

Town Number: 1614

Possession: T B A

Taxes, Fees & Assessments

Gross Operating Income: 73000

Net Operating Income: 52500

Expense Include: Heat, Hot & Cold Water, Insurance, Taxes

Tax ID For Property: 1614-02037-0000-00006-0000-

Tax Amount: $10,282.00

Tax Year: 2025

Tax Rate: 3.990%

Tax Rate Year: 2025

Land Assessment: $70,500.00

Building Assessment: $187,200.00

Total Assessment: $257,700.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 1 Unit

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Services: Garbage Included

Schools

Grade School: WILSON AVE

Middle School: WILSON AVE

High School: EAST SIDE

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Listing Details

43 Paterson St,Newark City, NJ 07105-3227

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