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Property Description

Prime investment opportunity with $84,000 gross income per year, or ideal for owner-occupant in Newark, NJ's highly coveted Ironbound district. Just blocks from Newark Penn Station with direct access to NYC, this well-maintained two-family brownstone, complete with a fully finished basement apartment, offers exceptional income potential and enduring value. Each expansive unit features three bedrooms, including a primary en-suite, two full bathrooms, and generously sized walk-in closets perfectly suited for today's live/work lifestyle. Dramatic twelve-foot ceilings, abundant natural light, and original stained glass windows elevate the interiors with timeless architectural character, while updated eat-in kitchens with custom cabinetry, stainless steel appliances, and refined finishes deliver modern functionality. Hardwood, marble, and ceramic flooring run throughout, reinforcing both quality and durability. The private, fenced backyard is a true differentiator - an urban retreat featuring a built-in BBQ, brick fire pit, and multiple seating areas designed for entertaining and tenant enjoyment alike. Positioned between Ferry and Lafayette Streets in the heart of Newark's vibrant Ironbound district, this property is surrounded by acclaimed dining, cafes, shopping, and major transportation. A rare offering that combines strong rental income, multi-family flexibility, and long-term appreciation in one of Newark's most dynamic neighborhoods.

Overview

Property Status
For Sale
MLS ID
TE2B98
Property Type
Multi-Family
Year Built
1900

Features & Amenities

Architecture Styles
Brownstone
Water Source
City Water
Heat Type
Gas
Air Conditioning
A/C
Appliances
Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
Other Interior Features
Jacuzzi Tub, Jetted Tub, Tub and Shower, Breakfast Bar, Eat-in Kitchen
Sewer
Public
Other Exterior Features
BBQ, Fire Pit, Sidewalk, Patio, Terrace
Sales Price
$849,000
Real Estate Tax
$9,082/yr

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105 Jefferson Street

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