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56 Vincent St, Newark, NJ, 07105

5beds
3baths
0sqft
$700,000
--price/sqft
$5,361/moest. monthly cost
$214,440/yrincome needed

About This Home

Well-maintained two-family home in Newark's desirable North Ironbound section. Unit 1 features 3 spacious bedrooms, 2 full bath, and comfortable living and dining areas. Unit 2 offers 2 bedrooms and 1 full bath with a functional layout ideal for owner-occupants or tenants. Separate living spaces provide excellent income-producing potential. The property also features a private backyard perfect for outdoor enjoyment and entertaining. Conveniently located near shopping, dining, schools, public transportation, major highways, and Newark Liberty International Airport. A great opportunity for both investors and owner-occupants.Property sold As-Is.

Getting Around

71
WalkingVery Walkable
47
TransitSome Transit
61
BikeBikeable

Schools

2/10
East Side High SchoolGrades 9-121.2 mi
8/10
Technology High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 2001

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: See Remarks
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Eat-in Kitchen,Kitchen,Living Room,Attic

Heating & Cooling

  • Heating features: 2 Units,Cent Register Heat,Natural Gas
  • Cooling features: 2 Units,Central Air

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614023950000000660000
  • Exclusions: Personal property

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 1,742 sqft
  • Lot size dimensions: 25 x 71

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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Coastal Flooding
Heat Wave
Inland Flooding
Cold Wave
Earthquake
Hurricane
Strong Wind
Tornado
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 $3,539$42,468
Home Insurance *$404$4,848
Property Taxes $1,225$14,700
Electricity $193$2,318
Total$5,361$64,332
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$183,805/yr
40% on housing$160,830/yr
45% on housing$142,960/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$358
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
2026-06-30Listed for sale$700,000
2026-06-24Listing removed$700,000
2026-05-30Listed for sale$700,000
2019-07-31Listing removed$475,000
2019-05-28Price change$475,000
2019-04-08Price change$550,000
2019-02-15Listed for sale$575,000
2013-03-04Sold$200,000
2012-05-14Sold$125,100
2004-12-13Sold$349,000
2001-04-27Sold$34,000

For Sale by Agent

AgentDary M Ortega
BrokerageReal

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