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$1,170,000 -$130,000 (-10%) Price Reduced

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Apartment

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Property Description

Exceptional Investment Opportunity in Newark's Highly Sought-After Ironbound Section! This well-maintained 5-unit apartment building offers an outstanding opportunity for investors seeking strong rental demand and long-term appreciation. Located in one of Newark's most vibrant and desirable neighborhoods, this income-producing property features five residential apartments on a 30' x 100' lot. The building offers gas hot water baseboard heat, public water and sewer, and durable aluminum siding. Ideally situated just minutes from Newark Penn Station, major highways, restaurants, shopping, schools, parks, and the neighborhood's renowned Portuguese and Spanish dining scene, this property is perfectly positioned to attract quality tenants. The Ironbound continues to be one of Northern New Jersey's most sought-after rental markets, making this an excellent addition to any investment portfolio. Property is being sold as-is. Buyer is responsible for obtaining any required municipal certificates and completing their own due diligence.

Full Property Details

Full Property Details for 139 Elm St

General

Price: $1,170,000
Taxes: $14,248 (2025)
Status: Active
Type: Apartment
Source: Garden_State
MLS ID: 4037379
Updated: 7/23/2026
Added to Site: 28 day(s) ago

Business

Includes: Building Only

Rooms

Bathrooms

Total Bathrooms: 5
Restrooms: 5

Additional Information

Equipment: See Remarks

Parking

Parking: None

Location

County: Essex
Driving Directions: Lafayette to Prospect to Elm
Location Details: Residential Area

Heating & Cooling

Cooling Type: No Cool
Heating Type: 4+ Units, Baseboard - Hotwater
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas

Structural Information

Construction: Brick/Block
Exterior Const.: Aluminum Siding
Basement: Yes
Basement Desc.: Unfinished, Walk-Out
Roof: Flat, Rubberized
Ceiling Height: 999
Stories in Building: 3
Square Feet: 9,999
Aprox. Leasable: 9,999 Sq. Ft.
Office: 9,999 Sq. Ft.
Year Built: 1900

Unit Information

1 Bedroom Units: 2
2 Bedroom Units: 2
3 Bedroom Units: 1
Units w/Full Bath: 5

Lot Features

Lot Size (Acres): 0.07
Lot Size: 30X100
Zoning: Residential
Lot Description: Level Lot

Financial Considerations

Assessment Amount: $356,300
Land Assmt: $100,000
Tax Amount: $14,248
Tax Year: 2025
Pays Utilities: Tenant

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: See Remarks
Disclosures: Yes
APN: 1614-00192-0000-00028-0000-
Block: 192
Lot Number: 28

Listed by New Direction Realty

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Schools

Schools serving 139 Elm St

School District:Newark City School District

Name	Grades	Distance
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105	K-8	0.1 mi
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	0.3 mi
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108	K-8	0.6 mi
East Side High School 238 Van Buren Street, Newark, NJ 07105	9-12	0.5 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1.5 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1.6 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	1.6 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.7 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 139 Elm St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/23/2026

Price Reduced

$1,170,000

-10%

MLS

6/27/2026

Listed

$1,300,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 139 Elm St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$14,248

$356,300

—

2022

$13,311

$356,300

—

2021

$12,940

33%

$356,300

—

2021

$9,728

-25%

$356,300

—

2018

$12,908

-2%

$356,300

—

2019

$13,150

$356,300

—

2017

$12,434

$356,300

—

2016

$12,007

$356,300

—

2015

$11,540

10%

$356,300

—

2013

$10,522

—

$356,300

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 139 Elm St

139 Elm St, Newark, NJ 07105 (MLS# 4037379) is a Apartment property. 139 Elm St is currently listed for $1,170,000 and was received on June 27, 2026. Want to learn more about 139 Elm St? Do you have questions about finding other Apartment real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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139 Elm St Newark, NJ 07105