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38 Delancy St

Newark City, NJ 07105
  • $975,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 4016791
Open House
UPDATED: 68 min ago
$975,000
  • 9
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

Description

Investment opportunity in a prime Ironbound location. Sold "As Is. Unique layout offers a front multi-family plus a separate rear single-family perfect for maximizing income, flexibility, and long-term value. Front Unit 1 (1st floor + lower level) lives like an expanded residence: 1 bedroom, living room, eat-in kitchen, full bath, plus 4 additional bedrooms and a second full bath below: Central A/C, forced-air heat, updated water heaters, and laundry hookup (tenant-owned). Unit 2 (2nd floor) features 2 bedrooms, an eat-in kitchen, a full bath, laminate/ceramic flooring, gas heat, window A/C, updated plumbing, and a newer water heater. Tenant pays electric and 40% gas. The rear home is ideal for owner-occupancy or premium rent: open-concept living, half bath, and modern kitchen with stainless steel appliances. The second floor offers 2 bedrooms, skylights, and a full bath. Hardwood floors, central A/C/heat, and tankless water heater. Covered outdoor area adds lifestyle appeal. Additional highlights include a fenced yard with gated access and a storage shed. Walk to Newark Penn Station (NYC-25 min), near major highways, Newark Airport, top dining, shopping, and a fast-growing business district.

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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 Braconi | Keller Williams Village Square Realty. 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 Braconi | Keller Williams Village Square Realty 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 2026-04-17T12:49:26.257.
www.teambraconihomesales.com/homes/174450717
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38 Delancy St Newark City, NJ 07105

  • Price: $975,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 68 min ago
  • MLS #: 4016791
9
Beds
4
Baths
1
½ Baths
0.06
Acres
1900
Built
County:
Essex
Area:
Newark City
Property Description
Investment opportunity in a prime Ironbound location. Sold "As Is. Unique layout offers a front multi-family plus a separate rear single-family perfect for maximizing income, flexibility, and long-term value. Front Unit 1 (1st floor + lower level) lives like an expanded residence: 1 bedroom, living room, eat-in kitchen, full bath, plus 4 additional bedrooms and a second full bath below: Central A/C, forced-air heat, updated water heaters, and laundry hookup (tenant-owned). Unit 2 (2nd floor) features 2 bedrooms, an eat-in kitchen, a full bath, laminate/ceramic flooring, gas heat, window A/C, updated plumbing, and a newer water heater. Tenant pays electric and 40% gas. The rear home is ideal for owner-occupancy or premium rent: open-concept living, half bath, and modern kitchen with stainless steel appliances. The second floor offers 2 bedrooms, skylights, and a full bath. Hardwood floors, central A/C/heat, and tankless water heater. Covered outdoor area adds lifestyle appeal. Additional highlights include a fenced yard with gated access and a storage shed. Walk to Newark Penn Station (NYC-25 min), near major highways, Newark Airport, top dining, shopping, and a fast-growing business district.
Exterior Features

Approximate Lot Size 25X109.3 Exterior Description BrickComposition ShingleVinyl Siding Exterior Features BarbequePrivacy FenceSee RemarksStorage ShedStorm Door(s)Wood Fence Garage Description NoneOn-Street Parking Lot Description Level Lot Number Of Parking Spaces 0 Parking Driveway Description None Roof Description Composition ShingleRubberized

Interior Features

Basement Yes Basement Description FinishedWalkout Cooling 2 UnitsWindow A/C(s) Heating 3 UnitsBaseboard - HotwaterForced Hot Air Interior Features Carbon Monoxide DetectorFire ExtinguisherSkylightSmoke DetectorTile FloorsWood Floors Total Number Of Rooms 13 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherDryerKitchen Exhaust FanRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 2.0 Unit1 Bedrooms 5 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLaundry RoomLiving RoomPantryMaster Bedroom Unit1 Rooms 7 Unit1 Security Deposit 2640 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 2 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenPantryStorage Unit2 Rooms 3 Unit2 Sq Ft 0 Unit3 Baths 1.5 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In KitchenLiving/Dining RoomMaster BedroomSunroomUtility Room Unit3 Rooms 3 Unit3 Sq Ft 0

Property Features

Assessment Total 410800 Building Assessment 342900 Easement No Exclusions Tenants' personal property Expenses Include Taxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 83263 Land Assessment 67900 Net Operating Income 66836 Renovated Year 2023 Services Garbage Included Sewer Public Sewer Tax Amount 16427 Tax Rate Amount 3.999 Tax Rate Year 2025 Tax Year 2025 Total Operating Expense 16427 Unit Style 3-Three Story Unit1 Lease Expiration 2027-02-28 Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2719 Unit2 Handicap Modified No Unit2 Lease Expiration 2027-02-28 Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1838 Unit2 Security Deposit 1700 Unit3 Handicap Modified No Unit3 Lease Expiration 2026-03-31 Unit3 Owner Tenant Pays Owner Pays GasOwner Pays HeatOwner Pays WaterTenant Pays Electric Unit3 Rent 2380 Unit3 Security Deposit 2380 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description ApproximateRenovated

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of C-21 SEMIAO & ASSOCIATES: 201-991-1300.


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 Braconi | Keller Williams Village Square Realty. 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 Braconi | Keller Williams Village Square Realty 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 2026-04-17T12:49:26.257.
 
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