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550 Ferry St

Newark City, NJ 07105
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 146 Days
  • MLS #: 3999174
Under Contract
UPDATED: 182 min ago
$1,200,000
  • 6
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1975
County:
Area:

School Ratings & Info

Description

Rare Mixed-Use Investment Opportunity: Residential + Commercial Income. Unlock exceptional cash flow and long-term upside with this unique two-property package located in a high-demand area. Features a well-maintained multifamily property, paired with a separately addressed, commercially zoned rear lot with 2 garages, measuring 29x37ft each, offering flexibility that is truly hard to find. Three-unit multifamily home with two bedrooms and one bathroom in each unit, all with separate utilities, plus parking for four cars and low taxes for the area. To be sold as a package.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aleksandr Pritsker | EXP Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Aleksandr Pritsker | EXP Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-19T23:48:35.91.
www.blackstarsells.com/homes/170872004
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550 Ferry St Newark City, NJ 07105

  • Price: $1,200,000
  • Status: Active Under Contract
  • On Site: 146 Days
  • Updated: 182 min ago
  • MLS #: 3999174
6
Beds
3
Baths
0
½ Baths
0.05
Acres
1975
Built
County:
Essex
Area:
Newark City
Property Description
Rare Mixed-Use Investment Opportunity: Residential + Commercial Income. Unlock exceptional cash flow and long-term upside with this unique two-property package located in a high-demand area. Features a well-maintained multifamily property, paired with a separately addressed, commercially zoned rear lot with 2 garages, measuring 29x37ft each, offering flexibility that is truly hard to find. Three-unit multifamily home with two bedrooms and one bathroom in each unit, all with separate utilities, plus parking for four cars and low taxes for the area. To be sold as a package.
Exterior Features

Approximate Lot Size 25.5X91.4 Exterior Description Aluminum SidingBrick Number Of Parking Spaces 6 Parking Driveway Description Blacktop Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating 3 UnitsBaseboard - HotwaterSee Remarks Total Number Of Rooms 11 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSee Remarks Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving RoomSee Remarks Unit1 Rooms 4 Unit1 Security Deposit 9999 Unit1 Sq Ft 9999 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasSee Remarks Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving RoomSee Remarks Unit2 Rooms 4 Unit2 Sq Ft 9999 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsKitchenLiving RoomSee Remarks Unit3 Rooms 4 Unit3 Sq Ft 9999

Property Features

Assessment Total 201600 Building Assessment 150700 Easement Yes Easement Description Shared Park Fha Age Restricted No Fuel Type Gas-NaturalSee Remarks Gross Operating Income 27000 Land Assessment 50900 Net Operating Income 20000 Sewer Public Sewer Tax Amount 7666 Tax Rate Amount 3.803 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 7000 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 9999 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 9999 Unit2 Security Deposit 9999 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 9999 Unit3 Security Deposit 9999 Utilities Gas-NaturalSee Remarks Water Public Water Year Built Description Approximate

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of ROSA AGENCY: 908-289-5200.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aleksandr Pritsker | EXP Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Aleksandr Pritsker | EXP Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-04-19T23:48:35.91.
 
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Aleksandr Pritsker | EXP Realty
28 Valley Rd, Suite 1
Montclair NJ, 07042