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59 Polk St, Newark, NJ, 07105

6beds
5baths
0sqft
$979,900
--price/sqft
$7,427/moest. monthly cost
$297,080/yrincome needed

About This Home

Welcome!!! TO THIS RARE OPPORTUNITY TO OWN!!! A newer, well-maintained, large, two-family home conveniently located in the sought-after Ironbound section. Everything is just steps from your door. Ironbound Restaurants/Ferry Street Shopping Stores / Nightlife, and local recreational Parks, while close to all major public transportation, Newark Penn Station with an "EASY NYC COMMUTE Features: Both Apartments Open Floor Plan concept, kitchen, living & dining room, three bedrooms, two full baths, hardwood floors throughout. The laundry room is at ground level for both units. The recreation room has a full bath and tiled flooring. Exterior Brick front and vinyl siding and rear deck connecting to the back yard, Built-in garage, driveway for two cars, Spacious Back Yard, Central HVAC for both units, * Great for the first-time homebuyer or investor

Getting Around

95
WalkingWalker's Paradise
84
TransitExcellent Transit
69
BikeBikeable

Schools

2/10
East Side High SchoolGrades 9-120.5 mi
8/10
Technology High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1992

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Exhaust Fan,Range/Oven - Gas,Kitchen Exhaust Fan,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Walk-In Closet(s),Bedrooms,Kitchen,Living/Dining Room,Master Bedroom,Rec Room
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: 2 Units,Forced Air,Natural Gas
  • Cooling features: 2 Units,Central Air

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614019980000000600006

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 2,960 sqft
  • Features: Level
  • Lot size dimensions: 27.06 x 109.41

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width,Built-In Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Uncovered spaces: 2

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

  • Inland Flooding
    Inland FloodingVery High
  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Heat Wave
Cold Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $4,954$59,448
Home Insurance *$566$6,792
Property Taxes $1,714$20,568
Electricity $193$2,318
Total$7,427$89,124
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$254,640/yr
40% on housing$222,810/yr
45% on housing$198,053/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07105$355
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07105$206
Essex County$391

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

DateEventPrice
2026-05-04Listed for sale$999,900
2024-04-11Listing removed--
2023-11-18Price change$939,900
2023-11-13Listed for sale$899,000
1996-11-06Sold$240,000

For Sale by Agent

AgentAugusto Verissimo
BrokerageWeichert Realtors - Home City

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