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$850,000 Just Listed
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Property Description
Exceptional investment opportunity in the Ironbound section of Newark, NJ. Spacious and versatile 9 bed / 4 full bath with a fully finished basement for recreation. This large scale property offers incredible potential for both investors or owner-occupants seeking strong rental income.
Full Property Details
Full Property Details for 416 Walnut St #3
General
- Price: $850,000
- Taxes: $16,263 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4019885
- Updated: 4/10/2026
- Added to Site: 5 day(s) ago
Interior
- Number of Rooms: 12
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 9
Parking
- Garage Description: None
Location
- County: Essex
- Subdivision: Ironbound
- Driving Directions: WalnutSt, Newark, NJ, between Pulaski St and Lang St.
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 3 Units
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished
- Roof: Rubberized
- Year Built: 1900
- Remodeled/Updated: 1900
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Kitchen
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100.6
- Driveway/Sidewalk: Off-Street Parking
Financial Considerations
- Operating Expenses: $999
- Assessment Amount: $335,400
- Land Assmt: $71,300
- Tax Amount: $16,263
- Tax Year: 2025
Disclosures and Reports
- Block: 986
- Lot Number: 17
Listed by Exit Realty Lucky Associates
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Schools
Schools serving 416 Walnut St #3
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Ann Street Elementary School 30 Ann Street, Newark, NJ 07105 | PK-8 | 0.1 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 0.2 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 0.5 mi |
East Side High School 238 Van Buren Street, Newark, NJ 07105 | 9-12 | 0.2 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 2 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 2 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 0.8 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 2.1 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 2.2 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 416 Walnut St #3
Date
Details
Price
Change
Source
4/09/2026
Listed
$850,000
51.79%
MLS
10/05/2020
Sold
$560,000
—
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 416 Walnut St #3
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,467
2%
$406,700
—
2022
$15,194
81%
$406,700
—
2021
$8,387
—
$406,700
81%
2021
$8,387
33%
$224,600
—
2021
$6,322
-24%
$224,600
—
2018
$8,294
4%
$224,600
—
2017
$7,996
3%
$224,600
—
2016
$7,726
4%
$224,600
—
2015
$7,432
-12%
$224,600
—
2019
$8,447
27%
$224,600
—
2013
$6,632
—
$224,600
—
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 416 Walnut St #3
416 Walnut St #3, Newark, NJ 07105 (MLS# 4019885) is a Multi-Family property with 3 units containing 9 bedrooms and 4 full bathrooms. 416 Walnut St #3 is currently listed for $850,000 and was received on April 09, 2026. Want to learn more about 416 Walnut St #3? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

