38 Delancy St, Newark City, NJ 07105
38 Delancy St, Newark City, NJ 07105
38 Delancy St, Newark City, NJ 07105
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Michael Vera Silva

Michael Vera Silva

+1(201) 292-7421
$975,000
Est. payment /mo
9 Beds
4.5 Baths
2,613 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4016791

Style 3-Three Story

Bedrooms 9

Full Baths 4

Half Baths 1

Year Built 1900

Annual Tax Amount $16,427

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Exceptional investment opportunity in Newark's highly sought-after Ironbound section. Sold strictly "As Is, this income-producing property features a unique setup with a front multi-family residence plus a separate rear single-family home, ideal for owner-occupancy, multigenerational living, or maximizing rental income. Front Unit 1 offers 1 bedroom, living room, eat-in kitchen, and full bath on the main level, plus 4 additional rooms and a second full bath on the lower level. Features include central A/C, forced hot-air heat, updated water heaters, and laundry hookup. Front Unit 2 features 2 bedrooms, an eat-in kitchen, a full bath, laminate and ceramic flooring, updated plumbing, gas heat, window A/C, and a newer water heater. Tenant pays the electricity and 40% of the gas expense. The separate rear single-family home, delivered vacant, includes open-concept living/dining, modern kitchen with stainless steel appliances, half bath, 2 bedrooms, skylights, full bath, hardwood floors, central A/C and heat, tankless water heater, and covered outdoor entertainment area. Additional highlights include a fenced yard, gated access, and a storage shed. Prime location near Newark Penn Station, major highways, Newark Airport, restaurants, shopping, and Newark's rapidly growing business district. Excellent opportunity for strong cash flow, appreciation, and long-term investment value.

Location

State NJ

County Essex

Rooms

Basement Finished, Walkout

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Skylight, Smoke Detector, Tile Floors, Wood Floors

Heating Gas-Natural

Cooling 2 Units, Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick, Composition Shingle, Vinyl Siding

Parking Features None, On-Street Parking

Utilities Available Electric, Gas-Natural

Roof Type Composition Shingle, Rubberized

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

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Michael Vera Silva

Michael Vera Silva

+1(201) 292-7421

Broker Owner | License ID: 1866470

Broker Owner License ID: 1866470

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38 Delancy St