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41 Lentz Ave

Newark City, NJ 07105
  • $1,100,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 4038462
UPDATED: 160 min ago
$1,100,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,600
    SQFT
  • $306
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

Newark Ironbound, Investment opportunity 3 story 6 family building in fair condition. All 6 units have 2-bedrooms, potential to improve income making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements, long-term tenants and support stable occupancy. Conveniently located near major highways, public transportation, schools, and local amenities. Positioned in a growing Newark market with continued redevelopment and upside potential.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-09-08T23:48:45.903.
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41 Lentz Ave Newark City, NJ 07105

  • Price: $1,100,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 160 min ago
  • MLS #: 4038462
0
Beds
0
Baths
0
½ Baths
0.04
Acres
3,600
SQFT
$306
$/SQFT
1920
Built
Neighborhood:
Ironbound
County:
Essex
Area:
Newark City
Property Description
Newark Ironbound, Investment opportunity 3 story 6 family building in fair condition. All 6 units have 2-bedrooms, potential to improve income making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements, long-term tenants and support stable occupancy. Conveniently located near major highways, public transportation, schools, and local amenities. Positioned in a growing Newark market with continued redevelopment and upside potential.
Exterior Features

Approximate Lot Size 25X71.5 Available Parking Spaces 0 Construction Brick/Block Exterior Description Brick/Block Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description FlatRubberized

Interior Features

Basement Yes Basement Description FullUnfinished Cooling Window A/C(s) Equipment Available Smoke Detector Floors LaminateTileWood Heating 4+ Units Max Ceiling Height 8 Max Door Height 7 Number Of Doors 0 Number Of Lavatories 6 Office Sq Ft 0

Property Features

Expenses Include InsuranceSnow RemovalTaxesWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 84600 Net Operating Income 59850 Owner Pays Maintenance-Common AreaSewerSnow RemovalWater Permitted Use 6 family Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building & Land Sewer Public Sewer Suite Number 41 Tax Amount 8941 Tax Rate Amount 3.999 Tax Rate Year 2025 Tax Year 2025 Tenant Pays Cable T.V.ElectricGasHeatHot Water Total Operating Expense 24750 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning R3

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of EXIT REALTY LUCKY ASSOCIATES: 973-817-7700.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-09-08T23:48:45.903.
 
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