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172 Chestnut Street, Newark, NJ, 07105
Two-Family Residential Income Property

172 Chestnut Street Newark, NJ 07105

For Sale
$699,000
Pending

Two-unit residence with covered front porch, central heating and cooling, and a walk-out finished basement with added bathrooms and laundry.

Property Size760 SF
Days on Market94

Property Features for 172 Chestnut Street

General Information

Standard status
Pending
Size
760 SF
Property subtype
Multi Family / 2-Two Story

Building Details

Year Built
1912
Listing Agency: RE/MAX LIFETIME REALTORS
Listed By: CATARINA GOMES · License #305784
Source: Compass
Added: Apr 22 Changed: Jul 23 Last Checked: Jul 23 at 5:12PM

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 RE/MAX LIFETIME REALTORS


Investment Insights

Based on property information with market context.

This two-family residential income property includes two separate two-bedroom units, each with an eat-in kitchen and full bathroom. The first-floor unit features a sun-filled living room along with central heating and cooling. The second-floor unit offers a similar layout with central cooling and baseboard heating.

The property has a walk-out finished basement that provides additional functional space, including a recreation area, a full bathroom, and a laundry room. Exterior highlights include an updated exterior, a covered front porch, a wide concrete driveway, and a garage for extra storage.

With two well-appointed residential units and expanded lower-level space, the building is designed for straightforward dual-occupancy living within a single property footprint.

Key Highlights

  • Two‑family residence with two 2‑bedroom units, each with full bathroom and eat‑in kitchen
  • Central heating and cooling in each unit plus a mix of central cooling and baseboard heating in the second‑floor unit
  • Finished, full walkout basement with recreation area, full bathroom, and laundry room

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Buffet Pet Grooming Service Pet Store & Service Tanning Salon (Bike/Boat/Book/etc) Store Locksmith Clothing & Fashion Store

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

FAQs

What type of property is this?
Duplex - Two-unit residence with covered front porch, central heating and cooling, and a walk-out finished basement with added bathrooms and laundry.
Where is this duplex located?
The property is located at 172 Chestnut Street Newark, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family residence with two 2‑bedroom units, each with full bathroom and eat‑in kitchen; Central heating and cooling in each unit plus a mix of central cooling and baseboard heating in the second‑floor unit; Finished, full walkout basement with recreation area, full bathroom, and laundry room
More about this property
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