38 Delancy St , Newark City, Essex 07105-1509

Exceptional investment opportunity in Newark’s highly sought-after Ironbound section. Sold strictly “As Is, this income-producing property features a unique setup with a front multi-family residence plus a separate rear single-family home, ideal for owner-occupancy, multigenerational living, or maximizing rental income. Front Unit 1 offers 1 bedroom, living room, eat-in kitchen, and full bath on the main level, plus 4 additional rooms and a second full bath on the lower level. Features include central A/C, forced hot-air heat, updated water heaters, and laundry hookup. Front Unit 2 features 2 bedrooms, an eat-in kitchen, a full bath, laminate and ceramic flooring, updated plumbing, gas heat, window A/C, and a newer water heater. Tenant pays the electricity and 40% of the gas expense. The separate rear single-family home, delivered vacant, includes open-concept living/dining, modern kitchen with stainless steel appliances, half bath, 2 bedrooms, skylights, full bath, hardwood floors, central A/C and heat, tankless water heater, and covered outdoor entertainment area. Additional highlights include a fenced yard, gated access, and a storage shed. Prime location near Newark Penn Station, major highways, Newark Airport, restaurants, shopping, and Newark’s rapidly growing business district. Excellent opportunity for strong cash flow, appreciation, and long-term investment value.