38 Delancy Street

Newark, NJ 07105

$975,000

9 bd / 4 ba

Property Tax: $16,427/year

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.