This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/2
$699,999
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/2
Property Description
Prime Development Opportunity , Approved for 3-Family Construction in Newark?s Vibrant Ironbound SectionDiscover an exceptional investment opportunity in the heart of Newark?s sought-after Ironbound neighborhood. This flat, build-ready parcel of land offers a rare chance to bring your development vision to life in one of the city?s most dynamic and rapidly growing areas.The property is currently approved for a 3-family residential building, saving you valuable time and resources in the planning process. Its level terrain and convenient dimensions provide an excellent foundation for efficient construction, maximizing the use of space for modern, multi-unit housing.Located in the thriving Ironbound section renowned for its cultural vibrancy, diverse dining scene, and close-knit community, this parcel is just minutes from Downtown Newark, Newark Penn Station, major highways, and Newark Liberty International Airport, offering seamless connectivity for future residents.
Full Property Details
Full Property Details for 250 Elm St
General
- Price: $699,999
- Taxes: $2,981 (2024)
- Status: Active
- Type: Lots/Land
- Source: Garden_State
- MLS ID: 3990563
- Updated: 10/3/2025
- Added to Site: 157 day(s) ago
Location
- County: Essex
- Driving Directions: Between adams st and van buren st
- Total Lots Available: 1
Utilities
- Sewer: See Remarks
- Water: None
Lot Features
- Lot Size (Acres): 0.08
- Lot Size: 35X95
- Street/Road Desc.: Public Maintained Road
- Present Use: Vacant/Unimproved
- Zoning: Residential Multi-Family
Financial Considerations
- Assessment Amount: $78,400
- Land Assmt: $78,400
- Tax Amount: $2,981
- Tax Year: 2024
Disclosures and Reports
- Surveyed: Yes
- Block: 963
- Lot Number: 8
Listed by Vox Realty
Get Pre-Approved Today
Schools
Schools serving 250 Elm St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 0.3 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 0.3 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 0.5 mi |
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105 | K-8 | 0.6 mi |
Hawkins Street Elementary School 8 Hawkins Street, Newark, NJ 07105 | PK-8 | 1.1 mi |
Quitman Street School 21 Quitman Street, Newark, NJ 07103 | K-8 | 1.3 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.9 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 2 mi |
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 250 Elm St
Date
Details
Price
Change
Source
10/03/2025
Listed
$699,999
32.08%
MLS
1/17/2023
Sold
$530,000
—
Public Record
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 250 Elm St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,982
2%
$78,400
—
2022
$2,929
—
$78,400
—
2021
$2,927
-2%
$78,400
—
2020
$2,979
-59%
$78,400
-60%
2018
$7,264
146%
$196,700
151%
2019
$2,949
-58%
$78,400
-60%
2017
$7,003
4%
$196,700
—
2016
$6,766
4%
$196,700
—
2015
$6,509
12%
$196,700
—
2013
$5,809
—
$196,700
—
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 250 Elm St
250 Elm St, Newark, NJ 07105 (MLS# 3990563) is a Lots/Land property with a lot size of 0.08 acres. 250 Elm St is currently listed for $699,999 and was received on October 03, 2025. Want to learn more about 250 Elm St? Do you have questions about finding other Lots/Land real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

