Experience the perfect blend of sophistication, comfort, and convenience with this exquisitely renovated multi-family residence, ideally situated in the highly sought-after Ironbound section of Newark. Just steps from restaurants, boutique shops, vibrant nightlife, and parks, this property offers an unparalleled urban lifestyle. Only 4 minutes away from Penn Station providing effortless access to New York City and beyond.Each apartment showcases 4 beds and 1.5 baths. The living area is designed with an open-concept layout that seamlessly integrates modern luxury and everyday functionality. The kitchen features amazing countertops, stainless steel appliances, and custom tile flooring, creating an inviting space perfect for both entertaining and culinary creativity. The basement, with a private entrance, includes a home office, family room, and a full bath ideal for guests or extended living.The exterior impresses with its classic brick facade, a long driveway for up to 6 cars, a two-car garage, and a spacious paved backyard offering privacy and comfort for outdoor gatherings Both units are equipped with central HVAC systems, ensuring year-round luxury living.Whether you're seeking a distinguished primary residence or a premium investment opportunity, this property embodies the finest in Ironbound living. With its luxury finishes, prime location, and strong rental potential, this home is a rare turnkey investment offering both immediate income and long-term appreciation.
Under contract
Price cut: $100K (10/17)
$899,000
424 Walnut St, Newark City, NJ 07105
8beds
--sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$878,800 Zestimate®
$--/sqft
$-- HOA
What's special
Modern luxuryTwo-car garageCentral hvac systemsClassic brick facadeSpacious paved backyardStainless steel appliancesCustom tile flooring
- 73 days |
- 128 |
- 5 |
Zillow last checked: December 17, 2025 at 11:15pm
Listing updated: November 24, 2025 at 01:34am
Listed by:
William Barraza 973-783-7400,
Keller Williams - Nj Metro Group
Source: GSMLS,MLS#: 3991008
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3.2
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Cent Register Heat, Natural Gas
Cooling
- Central Air
Appliances
- Included: Microwave Oven, Range/Oven - Electric, Gas Water Heater
Features
- Family Room, See Remarks, Bedrooms, Living/Dining Room
- Basement: Yes,Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 6
- Parking features: 1 Car Width, Concrete, Driveway-Exclusive, Parking Lot-Exclusive, Detached Garage
- Garage spaces: 2
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Exterior features: Barbecue, Sidewalk
Lot
- Size: 3,049.2 Square Feet
- Dimensions: 32.11 x 105
- Features: Level
Details
- Parcel number: 1614009860000000220000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: See Remarks
Condition
- Year built: 1920
- Major remodel year: 2025
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
- Subdivision: Ironbound
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $220,700
- Annual tax amount: $8,393
- Date on market: 10/6/2025
- Total actual rent: 0
- Tenant pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Estimated market value
$878,800
$835,000 - $923,000
$2,280/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Pending sale | $899,000 |
Source: | ||
| 10/17/2025 | Price change | $899,000-10% |
Source: | ||
| 10/6/2025 | Listed for sale | $999,000+179.4% |
Source: | ||
| 12/10/2024 | Sold | $357,500 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,393 | $220,700 |
| 2024 | $8,393 +0.1% | $220,700 |
| 2023 | $8,387 | $220,700 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,135/mo
Principal & interest
$4307
Property taxes
$1513
Home insurance
$315
Climate risks
Neighborhood: North Ironbound
Nearby schools
GreatSchools rating
- 6/10Ann Street Elementary SchoolGrades: K-8Distance: 0.1 mi
- 2/10East Side High SchoolGrades: 9-12Distance: 0.2 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 2 mi
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