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Ironbound Triplex For Sale
For Sale
$1,200,000
Pending

550 Ferry St, Newark, NJ 07105

Triplex in desirable Ironbound area, driveway for three vehicles.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market168

Property Features for 550 Ferry St

General Information

Standard status Pending
Lot size 0.05 Acres
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $7,666

Building Details

Year Built 1975
Units 3
Listing Agency: Rosa Agency Ironbound LLC
Listed By: EVANEA MIRANDA
Source: Elliman
Added: Mar 10 Changed: Aug 23 Last Checked: Aug 23 at 10:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rosa Agency Ironbound LLC

Investment Insights

Based on property information with market context.

Located in the Ironbound section, this property features three units. The first two units each contain 2 bedrooms and 1 bathroom. The third unit has 1 bedroom and 1 bathroom. A driveway provides parking space for 3 vehicles. This property is to be sold as a package along with the property located at 548 Ferry St.

Key Highlights

  • Located in the desirable Ironbound section.
  • Includes three units: two 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit.
  • Driveway accommodates 3 vehicles.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Nursing Home Fish Market Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,079
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex in desirable Ironbound area, driveway for three vehicles.
Where is this triplex 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: Located in the desirable Ironbound section.; Includes three units: two 2‑bedroom/1‑bathroom units and one 1‑bedroom/1‑bathroom unit.; Driveway accommodates 3 vehicles.
More about this property
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