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    149 Union St Newark, NJ 07105

    For Sale
    $849,000

    Solid brick 3-family near Newark-Penn Station with strong rental appeal.

    Lot size:
    0.05 Acres

    Property Features for 149 Union St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1896

    Source: NENO-ROSA AGENCY Agent MANUEL COUTO

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

    Overview

    Ironbound Brick 3-Family Property

    This solid brick 3-family property is located in the heart of Newark's Ironbound neighborhood. Each of the three units features two spacious bedrooms, one full bathroom, and bright living areas. The large room sizes provide comfortable living and strong rental appeal. The building's brick construction ensures long-term durability and minimal exterior maintenance. Situated just a five-minute walk from Newark-Penn Station, the property offers access to NJ Transit, PATH, Amtrak, and multiple bus lines, creating an effortless commute to New York City and surrounding areas. The property is being sold strictly AS-IS.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -74.1658
    Latitude
    40.728972

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    FAQs

    What type of property is this?
    Triplex - Solid brick 3-family near Newark-Penn Station with strong rental appeal.
    Where is this triplex located?
    The property is located at 149 Union St Newark, NJ.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: - Prime Ironbound location in Newark, a highly desirable and vibrant neighborhood.; - Excellent transportation access: a 5-minute walk to Newark-Penn Station (NJ Transit, PATH, Amtrak, bus lines).; - Solid brick construction ensures durability and low exterior maintenance.
    (201) 997-7860
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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
    149 Union St Newark, NJ 07105
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