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    159 Elm St Newark, NJ 07105

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    For Lease
    $3,100 /Mo

    Spacious, renovated 3-bedroom apartment near Newark Penn Station.

    Lot size:
    0.04 Acres

    Property Features for 159 Elm St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    9999

    Source: VERIFIED HOMES Agent NELSON MOTA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment in Ironbound Newark

    This renovated apartment is located in the Ironbound section of Newark. The unit features three bedrooms and two full bathrooms, including a bedroom suite with a walk-in closet and an en suite bathroom. The kitchen includes quartz countertops and backsplash, stainless steel appliances, and LED under-cabinet lighting with customizable color and motion settings. Additional features include hardwood floors, crown molding, high ceilings, central A/C with a Nest thermostat, an in-unit washer and dryer, keyless entry, and a video intercom system. The living area includes an electric fireplace with a mounted TV. High-speed internet is included. The apartment is located minutes from Newark Penn Station with direct access to NYC, as well as local universities, restaurants, shops, and Newark Airport.
    Insight Report Location Intelligence

    Current Use by Public Records

    Expo Pc Repairs Computer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -74.1640767
    Latitude
    40.7281827

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    FAQs

    What type of property is this?
    Apartment building - Spacious, renovated 3-bedroom apartment near Newark Penn Station.
    Where is this apartment building located?
    The property is located at 159 Elm St Newark, NJ.
    What are key features of this property?
    This property features: - Prime location in the Ironbound, minutes from Newark Penn Station with direct access to NYC.; - Modern, fully renovated with **high-end finishes including quartz countertops, stainless steel appliances, and hardwood floors.**; - **Three bedrooms and two full bathrooms, including a bedroom suite with a walk-in closet and on suite bathroom.**
    (973) 888-1293
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    159 Elm St Newark, NJ 07105
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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
    159 Elm St Newark, NJ 07105
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