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72 Hanford St, Newark, NJ, 07114

2beds
2baths
2,940sqft
$475,000
$162price/sqft
$3,874/moest. monthly cost
$154,960/yrincome needed

About This Home

Exceptional Investment Opportunity in Newark! Calling all investors, contractors, developers, and savvy owner-occupants looking to capitalize on one of Newark's growing neighborhoods. This side-by-side duplex offers two spacious units, each featuring 2 bedrooms, a comfortable living room, large eat-in kitchen, and a versatile bonus room that can be used as a dining room, den, home office, playroom, or additional living space the choice is yours. Adding even more value is a detached 4-car garage, offering excellent potential for storage, workshop space, contractor use, hobbyists, or additional rental income opportunities. The property features newer gas furnaces and hot water heaters, providing a solid foundation for future improvements. With great bones and tremendous upside potential, this is an ideal opportunity for those looking to renovate, build equity, or expand their investment portfolio. Conveniently located near parks, schools, shopping, public transportation, Newark Liberty International Airport, and major highways. Situated approximately 2 miles from the exciting new Lionsgate Newark Studios development, a transformative project expected to bring jobs, investment, and continued growth to the area. Buyer is responsible for all inspections, certifications, municipal requirements, Certificate of Occupancy, and any and ALL repairs required to close.

Getting Around

57
WalkingSomewhat Walkable
42
TransitSome Transit
49
BikeSomewhat Bikeable

Schools

3/10
1/10
Weequahic High SchoolGrades 9-121.5 mi
1/10

Construction

Condition

  • Property condition: Fixer
  • Year built: 1941

Materials

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

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks,Gas Water Heater,Water Heater (See Remarks)

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bedrooms,Den,Dining Room,Eat-in Kitchen,Eat-In Kitchen

Heating

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

Interior Area

  • Total structure area: 2,940
  • Total interior livable area: 2,940 sqft

Property

Details

  • Parcel number: 1614037560000000160000

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 40 x 116.7

Parking

  • Total spaces: 4
  • Parking features: See Remarks,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Uncovered spaces: 4