351 Mulberry St, Newark, NJ, 07102
About This Home
Fully renovated 3-family home for sale in Newark, NJ located in the highly desirable Ironbound section, one of Essex County?s most vibrant and high-demand rental markets. This solid brick multi-family property features 6 bedrooms and 4 full bathrooms, offering strong rental income potential for investors or flexible living options for owner-occupants.Situated in a prime downtown Newark corridor near Ferry Street, this property provides easy access to NJ Transit train and bus lines, Newark Penn Station, major highways, and direct commuter routes to New York City, making it ideal for NYC commuters. Close proximity to restaurants, shopping, parks, and local amenities enhances tenant demand and long-term value.Located in an area experiencing ongoing redevelopment and growth, this turnkey multi-family investment offers stability, upside potential, and strong positioning in the Newark NJ housing market.
Getting Around
Walker's Paradise
Excellent Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Rubber
- Construction materials: See Remarks,Stucco
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas,See Remarks
Basement
- Has basement: Yes
- Basement: Yes,Partially Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- Bedrooms,Kitchen,See Remarks
Heating & Cooling
- Heating features: 3 Units,Forced Air,See Remarks,Natural Gas
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 1614008850000000190000
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 26.4 x 100
Parking
- Parking features: On Street,See Remarks,On-Street Parking
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,040 | $48,480 |
| Home Insurance * | $274 | $3,288 |
| Property Taxes | $1,398 | $16,776 |
| Electricity | $193 | $2,318 |
| Total | $5,905 | $70,860 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-05 | Listed for sale | $899,900 |
| 2020-02-25 | Listing removed | $1,425 |
| 2020-01-26 | Price change | $1,425 |
| 2020-01-09 | Price change | $1,900 |
| 2019-10-12 | Listed for rent | $1,600 |
| 2019-06-13 | Sold | $300,000 |
For Sale by Agent
View on Zillow