Two-Family Residential Income
For Sale
$699,000
Pending
172 Chestnut Street, Newark, NJ 07105
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 Market137
Property Features for 172 Chestnut Street
General Information
Standard status
Pending
Size
760 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,546
Amenities
covered front porch
wide concrete driveway
garage
finished basement
4
3
3.0
8
Full, Finished Walk Out
Vinyl Siding
Building Details
Year Built
1912
Listing Agency:
RE/MAX LIFETIME REALTORS
Listed By:
CATARINA GOMES · License #305784
(908) 688-2828
Source:
Compass
Added: Apr 21
Changed: Aug 8
Last Checked: Jul 24 at 2:18PM
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.
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
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,882
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
Questions? Ask Rey
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Frequently Asked Questions
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
