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$475,000 Just Listed
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Property Description
Exceptional Investment Opportunity in Newark! Calling all investors, contractors, developers, and savvy owner-occupants looking to capitalize on one of Newark's growing neighborhoods. This side-by-side duplex offers two spacious units, each featuring 2 bedrooms, a comfortable living room, large eat-in kitchen, and a versatile bonus room that can be used as a dining room, den, home office, playroom, or additional living space?the choice is yours. Adding even more value is a detached 4-car garage, offering excellent potential for storage, workshop space, contractor use, hobbyists, or additional rental income opportunities. The property features newer gas furnaces and hot water heaters, providing a solid foundation for future improvements. With great bones and tremendous upside potential, this is an ideal opportunity for those looking to renovate, build equity, or expand their investment portfolio. Conveniently located near parks, schools, shopping, public transportation, Newark Liberty International Airport, and major highways. Situated approximately 2 miles from the exciting new Lionsgate Newark Studios development, a transformative project expected to bring jobs, investment, and continued growth to the area. Buyer is responsible for all inspections, certifications, municipal requirements, Certificate of Occupancy, and any and ALL repairs required to close.
Full Property Details
Full Property Details for 72 Hanford St
General
- Price: $475,000
- Taxes: $4,486 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4036447
- Updated: 6/24/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Parking
- Garage: Yes
- Garage Spaces: 4
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: Cross Ave to Evergreen Ave to Hanford St
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 2 Units, Forced Hot Air
- Heating Fuel: Natural Gas, See Remarks
- Water Heater: Gas, See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Gas In Street, Natural Gas, Cable TV Available
Structural Information
- Architectural Style: Duplex-Side by Side, Fixer Upper
- Exterior Const.: Vinyl Siding, Wood
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingles
- Year Built: 1941
Unit Information
Unit 1
- Unit Description: Bedrooms, Den, Dining Room, Eat-In Kitchen
- Square Feet: 1470
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Den, Dining Room, Eat-In Kitchen
- Square Feet: 1470
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 40 x 116.7
- Driveway/Sidewalk: See Remarks
Financial Considerations
- Expenses: Taxes
- Operating Expenses: $9,999
- Assessment Amount: $94,500
- Land Assmt: $17,700
- Tax Amount: $4,486
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 3756
- Lot Number: 16
Listed by Real
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Schools
Schools serving 72 Hanford St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 1.4 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.7 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 2.8 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 1.5 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 | 2.7 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 2.9 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 3 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 3.4 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 72 Hanford St
Date
Details
Price
Change
Source
6/23/2026
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 72 Hanford St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,017
2%
$112,200
—
2023
$3,933
—
$112,200
—
2022
$3,942
—
$112,200
—
2021
$3,940
-2%
$112,200
—
2020
$4,014
1%
$112,200
—
2019
$3,970
2%
$112,200
—
2018
$3,894
4%
$112,200
—
2017
$3,744
4%
$112,200
—
2016
$3,610
4%
$112,200
—
2015
$3,463
5%
$112,200
—
2013
$3,313
—
$112,200
—
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 72 Hanford St
72 Hanford St, Newark, NJ 07114 (MLS# 4036447) is a Multi-Family property with 2 units containing 2 bedrooms and 2 full bathrooms. 72 Hanford St is currently listed for $475,000 and was received on June 23, 2026. Want to learn more about 72 Hanford 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.

