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    23 Foundry St Newark, NJ 07105

    Sponsored
    For Sale
    $599,999

    Multi-Family, 2-Two Story - Newark City, NJ

    Property size:
    1,885 SF
    Lot size:
    0.08 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 8 at 1:06 pm

    Property Features for 23 Foundry St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Laundry, Living Room
    Bedrooms
    4
    Bathrooms
    2
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Oven - Gas, Range, Refrigerator, Washer
    Size
    1,885 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)

    Building Details

    Year built
    1890
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Flat
    Architectural style
    Other

    Keller Williams Realty Village Square (201) 445-4300 [email protected]

    Listing agent LEONARDO TATIS (201) 445-4300

    Listing date Jan 6, 2026

    MLS# 4003807 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Multi-Family Investment Opportunity

    Located in the Ironbound neighborhood of Newark, this multi-family property at 23 Foundry St presents an investment opportunity. This legal two-family home is situated off Ferry Street. Each unit features two bedrooms and one full bathroom, offering functional layouts. The finished basement includes bonus rooms and a separate walkout entrance, suitable for extended living, guest space, or additional income potential; buyers should verify permitted uses. The property includes an oversized backyard. The property is being sold AS-IS. The building size is 1885 square feet and the lot size is 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Herald Madison Consulting ... Business Management Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.13324
    Latitude
    40.7333

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    FAQs

    What type of property is this?
    Duplex - Two-family home in Newark's Ironbound neighborhood with income potential.
    Where is this duplex located?
    The property is located at 23 Foundry St Newark, NJ.
    What is the asking price?
    The asking price for this property is $599,999.
    What are key features of this property?
    This property features: - Prime Ironbound location, near Ferry Street, in a desirable Newark neighborhood.; - Legal 2-family home offering flexibility for investors or owner-occupants.; - Each unit features two bedrooms and one bathroom.
    (201) 445-4300
    Request Owner's contact information
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    Newark, NJ 07105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Foundry St Newark, NJ 07105
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