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    550 Ferry St Newark, NJ 07105

    For Sale
    $1,200,000

    3-Three Story, Multi-Family - Newark City, NJ

    Lot size:
    0.05 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 550 Ferry St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    6
    Bathrooms
    3
    Parking
    6
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), See Remarks (Heating)

    Building Details

    Year built
    1975
    Number of units
    3
    Building materials
    Aluminum Siding, Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Rosa Agency Ironbound LLC (973) 589-7550 [email protected]

    Listing agent EVANEA MIRANDA (908) 289-5200

    Listing date Dec 4, 2025

    MLS# 3999174 Listing URL

    Copyright © 2025 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

    Mixed-Use Investment Opportunity in Newark

    This offering presents a mixed-use investment opportunity featuring a multifamily property and a commercially zoned rear lot with two garages. The multifamily property contains three units, each with two bedrooms and one bathroom. Each unit has separate utilities. The commercially zoned rear lot includes two garages, each measuring 29x37 feet. The property also offers parking space for four cars. This package is located in Newark City, NJ.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.13783
    Latitude
    40.73223

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    FAQs

    What type of property is this?
    Apartment building - Two-property package: residential and commercial income in high-demand area.
    Where is this apartment building located?
    The property is located at 550 Ferry St Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Rare mixed-use investment opportunity: residential and commercial income.; - Two-property package in a high-demand area.; - Commercially zoned rear lot with two 29x37ft garages.
    (908) 289-5200
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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
    550 Ferry St Newark, NJ 07105
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