Property
Newark City, NJ 07105 369 E Kinney St
$1,425,000
45 more
Presented By: EXIT REALTY LUCKY ASSOCIATES
Full/Half Baths • 0 / 6
Full/Half Baths • 0 / 6Home Details
Six-family investment property located in the Ironbound. The building features one 1-bedroom apartment and five 2-bedroom apartments, offering excellent rental demand and consistent income potential. Property is in good condition, making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements. Well-maintained units appeal to 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.
Presented By: EXIT REALTY LUCKY ASSOCIATES
Interior Features for 369 E Kinney St
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths6
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units5
Num 1 Bdrm Units1
BasementFull, Storage
FlooringTile, Vinyl-Linoleum
Fuel TypeElectric, Gas-Natural
Total Stories3
General for 369 E Kinney St
Cap Rate6.20
ConstructionBrick/Block, Wood
CoolingWindow A/C(s)
CountyEssex
DirectionsBetween Van Buren and Pulaski
Documents AvailableIncome & Expenses, Leases
DriveOn-Street Parking
EasementUnknown
Equipment AvailableSmoke Detector
Farm AssessmentNo
Garage Spaces
Gross Income116148
Heating4+ Units, Baseboard - Electric, Baseboard - Hotwater
Leasable Area
LocationResidential Area
Net Operating Income88360
Num Apts6
Number Of Units Total6
Operating Expense27788
OwnershipFee Simple
Possessionclosing
Property TypeApartment Complex
Property TypeApartment Complex
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameIronbound
Tax Annual Amount9957
Tax Assessed Value249000
Tax Lot8
Tax Year2025
Town #1614
TownshipNewark City
UtilitiesElectric, Gas In Street
Utilities Paid ByTenant
Year Built9999
ZoningR3
Exterior for 369 E Kinney St
Building Area Total
Exterior DescriptionAluminum, Brick
Lot Dimensions25.7X96.5
Lot FeaturesLevel Lot
Lot Size Acres0.06
Max Ceiling Height8
Max Door Height7
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner