NJ
Essex
Newark City
07105
51 Richards St
51 Richards St, Newark City, NJ 07105
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Listing Type
Commercial/Industrial
Listing Status
Active
48
$1,775,000

Home Details for 51 Richards St

Price
$1,775,000
Type
Commercial Sale
Lot size acres
0.08
County
Essex
Basement
Finished, Full, Walk-Out Access
MLS Listing#
4023710
Property Description

Rare opportunity to acquire a six-family property in the highly sought-after Ironbound section of Newark. 51 Richards Street features six spacious 2-bedroom apartments. Ideal for investors seeking stable cash flow in a prime location with built-in rental demand. The Ironbound market continues to outperform with its vibrant restaurant scene, proximity to Newark Penn Station, and easy access to NYC. Significant upside potential through rent increases and long-term appreciation. A strong addition to any portfolio in one of Newark?s most desirable rental neighborhoods.

Property Features
  • Heating Information
    • Baseboard
    • Electric
    • Natural Gas
  • Basement
    • Finished
    • Full
    • Walk-Out Access
  • Cooling Information
    • Window Unit(s)
  • Water Features
    • Public
  • Parking
    • On Street
Listing Courtesy: EXIT REALTY LUCKY ASSOCIATES - 973-817-7700
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Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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