$899,000

5 Elm St Newark City, NJ 07102

$10,000
Closing credit¹
8 beds
4 full
0.03 acres
Multi-Family

Property details

About 5 Elm St

Rare Opportunity to own a fully BRICK 4 family home!!! HOT location on the border of Downtown Newark and the Ironbound section!Each floor of the 4 floors, features a spacious 2 bedroom, 1 bath, kitchen/Livingroom per floor. Plus an unfinished basement with a newer gas boiler for the hot, and 4 hot water tanks. Separate electric and cooking gas. All 4 apartments have been renovated within the past few years and are in decent condition. Calling all investors and end users alike! We currently have 1 unit vacant ready to move in! While generating income from the other units! Great commuter location, close to restaurants, shopping and much more!

Highlights

Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.03 Acres
Year built1892
ParkingOn-Street Parking
MLS #3950053

Summary

  • MLS Number: 3950053
  • Office Name: EXP REALTY, LLC
  • Office Phone: (347) 243-7060

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Last updated on: 3/14/2025, 1:55:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property with a fenced front yard, cooling unit, and brick siding

$899,000

5 Elm St

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

1

East Ward Elementary School

Public District PK-3

0.4 mi

104 Oliver St

4

Newark Educators Community Charter School

Public Charter PK-4

0.5 mi

9-11 Hill St

5

Sir Isaac Newton Elementary School

Public District PK-1

1.1 mi

150 Newton St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $48,500. The majority of Newark City, NJ residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

How much money do the neighbors make?

37%
<35k
40%
35k-100k
20%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

62%
Single, No Kids
12%
Single, with Kids
10%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
7%
12-17 yrs old
31%
18-34 yrs old
43%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • White CastleWhite Castle
  • PopeyesPopeyes

What do the neighbors drive?

  • HondaHonda
  • KiaKia
  • NissanNissan

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 5 Elm St in Newark City, NJ and zip code 07102 in the Central Ward neighborhood. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 11, 2025 and is currently priced at $899,000.

The number of homes for sale in Newark City, NJ increased by 18.4% between January and February 2025. In February 2025, listings were on the market for 100 days. During the same period, the median list price in this real estate market was $495,000.

From Rocket Homes Real Estate and based on county public records data.

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