$699,000

172 Chestnut St, Newark City, NJ 07105

4 beds |
3 baths

Multi-Family Home
Built in 1912
2,614sqft lot
—— car garage
$——/sqft
Listed 3 days ago

Property Description

Welcome to 172 Chestnut Street, an incredible two-family opportunity in Newark's ultra-sought-after Ironbound neighborhood! This versatile and income-producing property is perfect for investors or a savvy buyer seeking long-term value! The updated exterior, covered front porch, and wide concrete driveway reflect the care and upkeep throughout the home! The first-floor unit features two bedrooms, a sun filled living room, spacious eat-in kitchen, and a full bathroom. This unit is equipped with central heating and cooling, offering year-round comfort. The second-floor unit offers a similar layout with two bedrooms, a bright living area, full bathroom, and an eat-in kitchen, complemented by central cooling and baseboard heating. The walk-out finished basement adds valuable bonus space, complete with a recreation area, full bathroom, and laundry room! Outside, the property truly stands out with a wide driveway and garage perfect for additional storage - an undeniable premium in the Ironbound! This property checks all the boxes with its prime location and thoughtful updates! This is a rare find in a vibrant, in-demand neighborhood! Just minutes from the Ironbound's best restaurants, shops, and everyday conveniences! Plus easy access to Newark Penn Station and Newark International Airport - this home makes commuting a breeze!

Listing Status:: Active
Date Added:: April 25, 2026
Data Last Updated:: April 25, 2026 at 6:41PM
Listing Office:: RE/MAX LIFETIME REALTORS : 908-688-2828
MLS ID:: 4022357

Basement: FinishedFullWalkout
A/C: Central Air
Heating: Baseboard - HotwaterForced Hot AirElectricGas-Natural

General: Vinyl Siding
Parking: Parking spaces: 3

Roofing: Asphalt ShingleFlat

County: Essex

Driveway: 1 Car Width2 Car WidthConcreteDriveway-Exclusive
Zoning: 1614-00935-0000-00041-0000-

Utilities: ElectricGas-Natural
Water: Public Water
Sewer: Public Sewer

This listing courtesy of RE/MAX LIFETIME REALTORS

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

East Ward Elementary School

104 Oliver St, Newark, NJ, 07105

Grades PK-3

0.06 miles away

Oliver Street Elementary School

86 Oliver St, Newark, NJ, 07105

Grades PK-8

0.10 miles away

East Side High School

238 Van Buren St, Newark, NJ, 07105

Grades 9-12

0.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.