Date
Details
Price
Change
Source
1/16/2026
Listed
$499,000
—
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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Property Description
Amazing opportunity in the highly sought-after Ironbound section of Newark! Located in one of the neighborhood's nicest areas on a street just off the corner of Ferry and Wilsons Avenues, this home provides easy access to local shops, diverse restaurants, and vibrant shopping. Enjoy three levels of living in a recently upgraded and updated home including three bedrooms and three full bathrooms, and a finished walk-out basement with a separate entrance, offering flexible use or potential for a separate unit. Offering Mother/daughter possibilities with two full kitchens and newer bathrooms. Detached garage and additional parking space a rare find in this area. Recent major upgrades include newer windows, new furnaces, and new roofs on both the main building and garage. Excellent investor opportunity with strong rental potential in a prime location close to transportation and major highways
Full Property Details
Full Property Details for 79 1/2 Merchant St
General
- Price: $499,000
- Taxes: $4,826 (2024)
- Status: Active
- Type: Single Family
- Source: Monmouth
- MLS ID: 22601497
- Updated: 1/16/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 8
- Flooring: Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Bathrooms-L2: 1
- Bathrooms-L1: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Off-Street
- Garage Description: Detached
Location
- Area: Newark (NEW)
- Municipality: Newark (NEW)
- County: Essex
- Subdivision: None
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Multi Units
- Heating Type: Natural Gas, Baseboard, Dual-Zone Heat
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: Public Sewer, Public Water
Structural Information
- Architectural Style: Detached, Attached Duplex
- Exterior Const.: Brick Veneer
- Basement: Yes
- Roof: Flat
- Square Feet: 1,666
- Living Area: 1,666 Sq. Ft.
- Year Built: 1887
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,306.8
- Lot Dimensions: 13.8 x 100
- Zoning: Residential, Single Family
Financial Considerations
- Price Per Sq. Ft.: $299.52
- Assessment Amount: $126,900
- Tax Amount: $4,826
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Personal Belongings
- Property ID: 14-01982-0000-00048
- Section: Newark
Buyer's Brokerage Compensation: Contact Listing Agent
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Meet the listing agents
Meet the listing agents
— 79 1/2 Merchant St —
(732) 546-6325 direct
(908) 601-2650 direct
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 79 1/2 Merchant St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 0.1 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 0.5 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 0.9 mi |
East Side High School 238 Van Buren Street, Newark, NJ 07105 | 9-12 | 0.4 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 2.1 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 2.1 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 2.2 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 2.2 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 2.3 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 79 1/2 Merchant St
Tax History
Tax History for 79 1/2 Merchant St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,826
2%
$126,900
—
2022
$4,741
—
$126,900
—
2021
$4,738
33%
$126,900
—
2021
$3,572
-24%
$126,900
—
2018
$4,686
-2%
$126,900
—
2019
$4,773
6%
$126,900
—
2017
$4,518
4%
$126,900
—
2016
$4,365
4%
$126,900
—
2015
$4,199
7%
$126,900
—
2014
$3,935
—
$126,900
—
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 79 1/2 Merchant St
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Sold by Outside Office
79 1/2 Merchant Street, Newark, NJ 07105 (MLS# 22601497) is a Single Family property with 3 bedrooms and 3 full bathrooms. 79 1/2 Merchant Street is currently listed for $499,000 and was received on January 16, 2026. This property is listed by Joan Marchetta from our Eastern Monmouth Regional Hub Office.Want to learn more about 79 1/2 Merchant Street? Do you have questions about finding other Single Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.