51 Richards St, Newark, NJ 07105 - Photo 1

Save This Listing

1/48

View All Photos

$1,775,000

For Sale
Active
Apartment

See This Home

Save This Listing

1/48

Property Description

Rare opportunity to acquire a six-family property in the highly sought-after Ironbound section of Newark. 51 Richards Street features six spacious 2-bedroom apartments. Ideal for investors seeking stable cash flow in a prime location with built-in rental demand. The Ironbound market continues to outperform with its vibrant restaurant scene, proximity to Newark Penn Station, and easy access to NYC. Significant upside potential through rent increases and long-term appreciation. A strong addition to any portfolio in one of Newark?s most desirable rental neighborhoods.

Full Property Details

Full Property Details for 51 Richards St

General

Price: $1,775,000
Taxes: $14,396 (2025)
Status: Active
Type: Apartment
Source: Garden_State
MLS ID: 4023710
Updated: 4/28/2026
Added to Site: 37 day(s) ago

Business

Includes: Building & Land

Interior

Flooring: Tile, Vinyl-Linoleum

Rooms

Bathrooms

Total Bathrooms: 6
Restrooms: 7

Additional Information

Equipment: Smoke Detector

Exterior

Color: Tan

Parking

Parking: On-Street Parking

Location

County: Essex
Subdivision: Ironbound
Driving Directions: Between Ferry and Fleming
Location Details: Business District, Residential Area

Heating & Cooling

Cooling Type: Window A/C(s)
Heating Type: 4+ Units, Baseboard - Hotwater
Heating Fuel: Electric, Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Gas In Street

Structural Information

Construction: Brick/Block, Wood
Exterior Const.: Brick/Block, Vinyl Siding
Basement: Yes
Basement Desc.: Finished, Full, Walk-Out
Roof: Flat
Ceiling Height: 8
Door Dimensions: 7
Stories in Building: 3

Unit Information

2 Bedroom Units: 6
Units w/Full Bath: 6

Lot Features

Lot Size (Acres): 0.08
Lot Size: 35X100
Zoning: RDV
Lot Description: Level Lot

Financial Considerations

Expenses: Insurance, Maintenance - Interior, Taxes, Water/Sewer
Operating Expenses: $31,046
Assessment Amount: $360,000
Land Assmt: $140,000
Tax Amount: $14,396
Tax Year: 2025
Pays Utilities: Tenant

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Income & Expenses
APN: 1614-02476-0000-00016-0000-
Block: 2476
Lot Number: 16

Listed by Exit Realty Lucky Associates

Quickly Find Out More

* Indicates a required field

Comment *

Full Name *

Email Address *

Mobile Phone Number *

See this property in person

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 51 Richards St —

Exit Realty Lucky Associates

973-817-7700

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 51 Richards St

School District:Newark City School District

Name	Grades	Distance
Hawkins Street Elementary School 8 Hawkins Street, Newark, NJ 07105	PK-8	0.1 mi
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108	K-8	0.7 mi
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105	K-8	1.1 mi
East Side High School 238 Van Buren Street, Newark, NJ 07105	9-12	1 mi
Technology High School 223 Broadway, Newark, NJ 07102	9-12	2.3 mi
Barringer High School 90 Parker Street, Newark, NJ 07104	9-12	2.6 mi
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	1.6 mi
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104	PK-4	2.5 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	2.8 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 51 Richards St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/27/2026

Listed

$1,775,000

292.7%

MLS

5/09/2018

Sold

$452,000

—

Public Record

Get Price Alerts and Save Property

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 51 Richards St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$13,691

$360,000

—

2022

$13,450

—

$360,000

—

2021

$13,442

33%

$360,000

—

2021

$10,134

-25%

$360,000

—

2019

$13,540

$360,000

—

2018

$13,295

$360,000

—

2017

$12,816

$360,000

—

2016

$12,384

$360,000

—

2015

$11,912

12%

$360,000

—

2013

$10,634

—

$360,000

—

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 51 Richards St

51 Richards St, Newark, NJ 07105 (MLS# 4023710) is a Apartment property. 51 Richards St is currently listed for $1,775,000 and was received on April 27, 2026. Want to learn more about 51 Richards 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.

Tour this property

51 Richards St Newark, NJ 07105