Date
Details
Price
Change
Source
11/24/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$1,200,000
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1/23
Property Description
Rare Mixed-Use Investment Opportunity: Residential + Commercial Income. Unlock exceptional cash flow and long-term upside with this unique two-property package located in a high-demand area. Features a well-maintained multifamily property, paired with a separately addressed, commercially zoned rear lot with 2 garages, measuring 29x37ft each, offering flexibility that is truly hard to find. Three-unit multifamily home with two bedrooms and one bathroom in each unit, all with separate utilities, plus parking for four cars and low taxes for the area. To be sold as a package.
Full Property Details
Full Property Details for 550 Ferry St
General
- Price: $1,200,000
- Taxes: $7,666 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3999174
- Updated: 12/4/2025
- Added to Site: 56 day(s) ago
Interior
- Number of Rooms: 11
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Location
- County: Essex
- Driving Directions: Ironbound to Ferry Street
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 3 Units, Baseboard - Hotwater, See Remarks
- Heating Fuel: Natural Gas, See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, See Remarks
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Aluminum Siding, Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1975
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living Room, See Remarks
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, Living Room, See Remarks
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Bedrooms, Kitchen, Living Room, See Remarks
- Square Feet: 9999
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.05
- Lot Dimensions: 25.5 x 91.4
- Driveway/Sidewalk: Blacktop
Financial Considerations
- Operating Expenses: $7,000
- Assessment Amount: $150,700
- Land Assmt: $50,900
- Tax Amount: $7,666
- Tax Year: 2024
Disclosures and Reports
- Block: 2466
- Lot Number: 32
Listed by Rosa Agency
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Listing agent
— 550 Ferry St —
Rosa Agency
908-289-5200
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 550 Ferry St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Hawkins Street Elementary School 8 Hawkins Street, Newark, NJ 07105 | PK-8 | 0.2 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 0.9 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 1.3 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 1.8 mi |
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105 | K-8 | 1.8 mi |
Quitman Street School 21 Quitman Street, Newark, NJ 07103 | K-8 | 2.4 mi |
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 3 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 3 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 3.1 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 550 Ferry St
Tax History
Tax History for 550 Ferry St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,667
2%
$201,600
—
2022
$7,532
—
$201,600
—
2021
$7,528
33%
$201,600
—
2021
$5,675
-24%
$201,600
—
2018
$7,445
4%
$201,600
—
2017
$7,177
3%
$201,600
—
2016
$6,935
4%
$201,600
—
2015
$6,671
-12%
$201,600
—
2019
$7,582
21%
$201,600
—
2014
$6,252
—
$201,600
—
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 550 Ferry St
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550 Ferry St, Newark, NJ 07105 (MLS# 3999174) is a Multi-Family property with 3 units containing 6 bedrooms and 3 full bathrooms. 550 Ferry St is currently listed for $1,200,000 and was received on November 24, 2025. Want to learn more about 550 Ferry St? 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.