Map location of 137 Congress St, Newark, NJ 07105
$950,000
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137 Congress St, Newark, NJ 07105

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9 Beds
4 Baths
4,520 Sq Ft

Lucrative, INCOME-PRODUCING opportunity for both investors and owner occupants! This 3-FAMILY property is located in Newark's coveted IRONBOUND section, only 5 blocks from Newark Penn/PATH station. Each unit features 3 bedrooms, 1 full bathroom, a spacious living room and well-equipped kitchen. The basement is FULLY FINISHED with an additional two rooms that can serve a host of purposes, a FOURTH FULL BATHROOM and a LAUNDRY ROOM. A COIN-OPERATED washer and dryer is being included in the sale. The property easily pays for itself, and then some, with excellent, LONG-TERM TENANTS in place. The existing month-to-month leases allow for LANDLORD FLEXIBILITY and, it should be noted, are below market value for the area. The building is equipped with 3 CENTRAL HVAC units, 4 GAS/ELECTRICAL METERS and 4 HOT WATER HEATERS that were installed in 2017. The owner is in the process of having SOLAR PANELS installed, GREATLY REDUCING the electric cost to any potential buyer. Please note that these panels have been PURCHASED OUTRIGHT by the seller, not leased, and are scheduled for installation in early July. The property is zoned, MX-1, for POTENTIAL MIXED USE purposes and can, therefore, house a COMMERCIAL BUSINESS on the first floor with RESIDENCES above! The possibilities are ENDLESS! Owner will accept all forms of TRADITIONAL financing and may even consider SELLER TAKE BACK FINANCING under the right circumstances. All tax/insurance payments are up to date with no liens on property.

Listing By: DAVID A SHAW - RE/MAX NEW MILLENNIUM GROUP njgsmls-r Realty.com
  • MLS# 3786930
  • Date Listed06/04/2022
  • Bedrooms 9
  • Bathrooms 4 Full baths
  • Lot Size 0.06 acres (2,614 sq. ft)
  • Sewer Public Sewer
  • Subdivision Ironbound
  • Property Type Triplex, Multi-Family
  • County Essex
  • Year Built 1857
  • Water Public Water
  • Square Feet 4,520 sq. ft
  • Price Per Sq. Ft $210.18

Interior Features

  • Cooling Central Air
  • Heating Other

Exterior / Lot Features

  • Exterior Sidewalk
  • Roof Flat
  • Lot Size Acres 0.06
  • Lot Size SQFT 2,613.60
  • Lot Features Level Lot

Directions

Lafayette Street to Congress Street

Financial Considerations

  • Tax Amount $10,047
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Lafayette Street Elementary School

Public • PK - 8 • Serves this home

0.24 mi

Distance

East Ward Elementary School

Public • PK - 4

0.39 mi

Distance

Oliver Street Elementary School

Public • PK - 8

0.39 mi

Distance

Ironbound Academy Elementary School

Public • 1 - 4

0.78 mi

Distance

South St School

Public • PK - 8

0.85 mi

Distance

Newark Educators Charter School

Public • PK - 4

1.08 mi

Distance

Quitman Street School

Public • PK - 8

1.08 mi

Distance

Louise A. Spencer Elementary School

Public • PK - 8

1.73 mi

Distance

East Newark Elementary School

Public • PK - 5

1.87 mi

Distance

Lincoln Elementary School No 3

Public • PK - 3

1.87 mi

Distance

Discovery Charter School

Public • 4 - 8

0.39 mi

Distance

Great Oaks Charter School

Public • 5 - 8

0.39 mi

Distance

North Star Academy Downtown Middle School

Public • 5 - 8

1.07 mi

Distance

North Star Academy Central Avenue Middle School

Public • 5 - 8

1.07 mi

Distance

Link Community Charter School

Public • 5 - 8

1.3 mi

Distance

Kipp Bold Academy

Public • 5 - 8

1.73 mi

Distance

Hamilton Intermediate School

Public • 4 - 5

1.87 mi

Distance

East Newark Middle School

Public • 6 - 8 • Serves this home

1.87 mi

Distance

Science High School

Public • 7 - 12

1.99 mi

Distance

Washington No. 1 Middle School

Public • 6 - 8

2.06 mi

Distance

East Side High School

Public • 9 - 12 • Serves this home

0.78 mi

Distance

North Star Academy Washington Park High School

Public • 9 - 12

1.07 mi

Distance

North Star Academy Lincoln Park High School

Public • 9 - 12

1.08 mi

Distance

Arts High School

Public • 9 - 12

1.08 mi

Distance

Essex County Newark Tech Campus

Public • 9 - 12

1.46 mi

Distance

Malcolm X Shabazz High School

Public • 9 - 12

1.88 mi

Distance

Newark Evening Educational Center

Public • 10 - 12

1.99 mi

Distance

Lead Charter School

Public • 9 - 12

1.99 mi

Distance

Central High School

Public • 9 - 12

2.38 mi

Distance

Bard Early College High School

Public • 9 - 12

2.38 mi

Distance

Alpha And Omega

Private • PK - 12

0.9 mi

Distance

Alif Muhammad Nia School

Private • 08 - 12

1.07 mi

Distance

St. Benedict's Preparatory School

Private • KG - 12

1.08 mi

Distance

St. Vincent Academy

Private • 09 - 12

1.99 mi

Distance

Clara Muhammad School

Private • 01 - 12

1.99 mi

Distance

Kearny Christian Academy

Private • KG - 12

2.73 mi

Distance

Rock Christian Academy For The Performing Arts

Private • KG - 12

4.45 mi

Distance

Madrasatu Ahlis Sunnah

Private • PK - 12

4.69 mi

Distance

Marist High School

Private • 09 - 12

4.84 mi

Distance

Benedictine Academy

Private • 09 - 12

5.18 mi

Distance

Sales & Tax History

Source: Public Records

Street Address Beds Baths Sold Date List Price
838 S 12th Street 9 5 Nov 24, 2025 $425,000
418 S 10Th St 3 0 Oct 05, 2025 $360,000
11-13 Nairn Pl 4 0 Nov 27, 2025 $475,000
10 Crittenden St 3 0 Nov 13, 2025 $270,000
235 1/2 Garside St 3 0 Nov 02, 2025 $415,000
45 Yancy Dr 3 0 Nov 09, 2025 $429,000
319 Hickory St 2 0 Nov 01, 2025 $289,900
845-847 S 12Th St 5 0 Nov 22, 2025 $350,000
15 Tichenor Ln 205 2 0 Oct 19, 2025 $374,000
110 Summer Ave 3 0 Oct 29, 2025 $370,000

Population & Environment

Source: Sperling's Best Places

Walkability in NJ / 07105

Source: Walkscore

98/100

Walker's Paradise

Walk Score ®

92/100

Rider's Paradise

Transit Score ®

67/100

Bikable

Bike Score ®

Overview

Daily errands do not require a car. World-class public transportation. Some bike infrastructure.

Transit Summary

60 nearby routes: 54 bus, 6 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 57/100, Transit Score: 47/100, Bike Score: 44/100.

Points of Interest near 137 Congress St, Newark, NJ 07105

Frequently Asked Questions for 137 Congress St

Source: Realty.com

137 Congress St, Newark, NJ 07105 is a Triplex, Multi-Family, Residential property listed for $950,000 The property is 4520 sq. ft with 9 bedrooms and 4 bathrooms

Realty.com has 15 photos of 137 Congress St.

Our records indicate that 137 Congress St was built in 1857.

The full address for this home is 137 Congress St, Newark, NJ 07105.

137 Congress St has been listed on Realty.com since Sat June 04, 2022

Daily errands do not require a car. World-class public transportation. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 57/100, Transit Score: 47/100, Bike Score: 44/100.

There are 3 schools assigned to this home. Check out the schools near 137 Congress St. Lafayette Street Elementary School (Grades: PK - 8), East Newark Middle School (Grades: 6 - 8), East Side High School (Grades: 9 - 12)

Listing provided courtesy of: Re/max New Millennium Group (tel: 908-282-1234)
Listing agent: David A Shaw (tel: 908-351-1264) (#311021)

This content last refreshed on 2025-11-30 16:49:02. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 137 Congress St, Newark, NJ 07105 : MLS# 3786930

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