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Listing Agency: Rosa Agency-Ironbound, LLC

Listed By: James Rosa Show Phone

Source: Capmarkrealty

Added: Oct 9 Changed: Oct 10 Last Checked: Oct 14 at 8:25PM

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Investment Insights

Based on property information with market context.

This three-unit residential property is located in Newark’s Ironbound section, just off Ferry Street. Nearby amenities include restaurants and shopping, while public transportation, major highways, and Newark Penn Station are also close by.

Key Highlights

• Three residential units
• Located in Newark’s Ironbound section, just off Ferry Street
• Near public transportation and Newark Penn Station

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Adult Day Care Restaurant Pet Store & Service Tanning Salon

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

Lease Details

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

4,344

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Triplex - The Ironbound property is near public transportation, Newark Penn Station, restaurants, and shopping.

Where is this triplex located?

The property is located at 147 Van Buren Street Newark, NJ.

What are key features of this property?

This property features: Three residential units; Located in Newark’s Ironbound section, just off Ferry Street; Near public transportation and Newark Penn Station