Search
Three-Unit Multifamily Property
New
For Sale
$849,000

321 Ferry St, Newark, NJ 07105

Multifamily residence with finished lower-level recreation space, laundry hookups, and outdoor area.

Property SizeContact for details
Days on Market2

Property Features for 321 Ferry St

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $9,245

Building Details

Year Built 1912
Units 3
Listing Agency: Exit Realty Lucky Associates
Listed By: MARILENE OLIVEIRA
Source: Elliman
Added: Sep 4 Last Checked: Sep 5 at 12:15PM

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 Exit Realty Lucky Associates

Investment Insights

Based on property information with market context.

This three-unit multifamily property was built in 1912 and offers a distinct residential layout across three floors. The first level includes two bedrooms, a living room, eat-in kitchen, and full bathroom. The upper two floors each provide two bedrooms, a living room, eat-in kitchen, and full bathroom.

The finished basement adds a recreation room, laundry hookups, and another full bathroom. An ample backyard provides additional outdoor space. The property is located at 321 Ferry St in Newark’s Ironbound area, with a Walk Score of 97, Transit Score of 75, and Bike Score of 64.

Key Highlights

  • Three‑unit multifamily property built in 1912
  • Each floor offers two bedrooms, a living room, eat‑in kitchen, and full bathroom
  • Finished basement includes recreation room, laundry hookups, and full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

2,612
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Multifamily residence with finished lower-level recreation space, laundry hookups, and outdoor area.
Where is this triplex located?
The property is located at 321 Ferry 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: Three‑unit multifamily property built in 1912; Each floor offers two bedrooms, a living room, eat‑in kitchen, and full bathroom; Finished basement includes recreation room, laundry hookups, and full bathroom
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message