431 Kerrigan Blvd, Newark City, NJ 07106

• 8 beds |
• 4 baths

Property Description

Well-maintained fully "Brick 4-family investment property in sought-after Upper Ivy Hill of Newark offering approximately 6,300 sq. ft The first-floor units each consist of 1 Br, while the second-floor units each feature 2 Brs, providing a current configuration of 6 Brs and 4 Bths. However, with the exceptionally spacious floor plan, both first-floor units offer the potential to accommodate a second Br, increasing the property to a possible 8-Br, 4-Bth configuration. The potential annual rental income for this property is $96,000, with annual taxes amounting to $10,227. This results in a net annual income of $85,773 before utilities and debt servicing charges. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height, partially finished with unlimited potential. This is a commuter's delight, walking distance to NYC express 107 bus, 5 minute drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls

Listing Status:

Active

Data Last Updated:

October 5, 2026 at 6:41AM

Listing Office:

COLDWELL BANKER REALTY : 973-378-8300

MLS ID:

4055812

Interior

• General: Carbon Monoxide DetectorFire ExtinguisherSmoke DetectorWood Floors
• Basement: Finished-PartiallyFullWalkout
• A/C: None
• Heating: 4+ UnitsRadiators - Hot WaterGas-Natural

Exterior

• General: BrickCurbsSidewalk
• Parking: Parking spaces: 3

Construction

• Roofing: Asphalt ShingleFlat

Location

• County: Essex

Lot

• Driveway: Additional ParkingBlacktopOff-Street Parking
• Zoning: Residential1614-04129-0000-00017-0000-

Utilities

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