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Three-Unit Multifamily Triplex with Separate Utilities
For Sale
$1,200,000
Pending

550 Ferry St, Newark, NJ 07105

Multi-Family, 3-Three Story, Newark City, NJ

Property SizeContact for details
Lot Size0.05 Acres
Days on Market273

Property Features for 550 Ferry St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Basement, Bathroom 3
Parking 6
Directions Ironbound to Ferry Street
Standard status Pending
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7666

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Baseboard
Water source Public

Building Details

Year built 1975
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: ROSA AGENCY
Listed By: EVANEA MIRANDA
Added: Nov 24, 2025 Changed: Aug 19 Last Checked: Aug 24 at 9:06AM
MLS# 3999174

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-unit triplex offers two bedrooms and one bathroom in each unit, with separate utilities for each home. The property includes parking for four cars and features hot water baseboard heating with a shingle roof. Public water and public sewer services are provided. The building was constructed in 1975.

The offering is described as a two-property package, paired with a separately addressed commercially zoned rear lot that includes two garages. Each garage measures 29x37 ft.

The combined configuration supports tenants seeking a residential setup while leveraging the separately addressed commercial zoning and garage infrastructure included with the package.

Key Highlights

  • Three‑unit triplex with two bedrooms and one bathroom per unit
  • Separate utilities for each unit
  • Parking for four cars

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.

Lease Details

3
Residential units

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 - Each unit has two bedrooms and one bathroom with individual utilities.
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: Three‑unit triplex with two bedrooms and one bathroom per unit; Separate utilities for each unit; Parking for four cars
More about this property
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