Welcome to this spacious two-family home located in the highly sought-after Ironbound section of Newark. This well-maintained property offers a total of 6 bedrooms and 4 full bathrooms, making it an excellent opportunity for both owner-occupants and investors. The property provides excellent rental income potential. Conveniently located near schools, parks, shopping, restaurants, Newark Penn Station, Newark Liberty International Airport, and major highways, this home combines comfort, convenience, and investment value in one of Newark's most desirable neighborhoods. Don't miss this exceptional opportunity to own a two-family property in the heart of the Ironbound!
North Ironbound, located between Newark Penn Station and the Passaic River waterfront, is a historic and industrial Newark neighborhood with brick rowhouses and rail-side warehouses. Ferry Street concentrates the neighborhood’s character, where bakeries, espresso bars, and long-running restaurants line the sidewalks under a steady rhythm of foot traffic. Iberia Tavern & Restaurant anchors the dining scene, while Fornos of Spain brings white-tablecloth tradition to a busy corridor. Riverfront Park frames the eastern edge with open paths and skyline views. Streetscapes mix stoops, corner storefronts, and converted loft-style spaces that suit a walk-and-transit routine. The soundscape shifts from train lines to patio chatter as day turns to night.
Provided by Walk Score and Local Logic
Offer insights
46 Read St · $675,000
$746K and above
75% chance or better to win
Why $746K+ is a strong offer
DAYS ON MARKET
13 days
The average home goes pending in 58 days.
SALE-TO-LIST
103.7%
Most homes are selling 4% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Finished basement
Carbon monoxide detectors
Smoke detectors
Bedrooms
Unit 1: 2 bedrooms
Unit 2: 4 bedrooms
Bathrooms
4 full bathrooms total (Unit 1: 2, Unit 2: 2)
Kitchen
Unit 1: Eat-in kitchen
Unit 2: Eat-in kitchen
Laundry & utility
Owner pays water for both units; tenants pay electric, gas, and heat
Heating & cooling
Two forced hot air heating units (natural gas)
Two central air conditioning units
Exterior features
Patio
Storage shed
Home design
Three-story unit style
Parking
No driveway
Construction
Aluminum siding
Asphalt shingle roof
Year built listed as approximate
Utilities
Natural gas service
Public water
Public sewer
Financial info
Multi-unit property with 2 units
Stated net operating income: 0
Stated gross operating income: 0
Stated total operating expenses: 0
Other
Approximate lot size 2,579 (units not displayed)
Electricity and solar
View estimated energy costs and solar savings for this home
Welcome to this spacious two-family home located in the highly sought-after Ironbound section of Newark. This well-maintained property offers a total of 6 bedrooms and 4 full bathrooms, making it an excellent opportunity for both owner-occupants and investors. The property provides excellent rental income potential. Conveniently located near schools, parks, shopping, restaurants, Newark Penn Station, Newark Liberty International Airport, and major highways, this home combines comfort, convenience, and investment value in one of Newark's most desirable neighborhoods. Don't miss this exceptional opportunity to own a two-family property in the heart of the Ironbound!
GSMLS #2827435
May 7, 2013
Sold
$160,000
Public Records
Nov 15, 2004
Sold
$360,000
Year
Property tax
Land + Additions
Assessment*
2025
$6,354 (+5.2%)
$67,500 + $91,400
$158,900
2024
$6,043 (+2.0%)
$67,500 + $91,400
$158,900
2023
$5,924 (−0.2%)
$67,500 + $91,400
$158,900
2022
$5,937
$67,500 + $91,400
$158,900
2021
$5,933 (−1.7%)
$67,500 + $91,400
$158,900
2020
$6,038 (+1.0%)
$67,500 + $91,400
$158,900
2019
$5,976 (+1.8%)
$67,500 + $91,400
$158,900
2018
$5,868 (+3.7%)
$67,500 + $91,400
$158,900
2017
$5,657 (+3.5%)
$67,500 + $91,400
$158,900
2016
$5,466 (+10.9%)
$67,500 + $91,400
$158,900
2014
$4,927 (+5.0%)
$67,500 + $91,400
$158,900
2013
$4,692 (−43.1%)
$67,500 + $91,400
$158,900
2012
$8,250 (+3.7%)
$67,500 + $91,400
$158,900
2011
$7,954 (+4.7%)
$139,500 + $99,500
$239,000
2010
$7,600 (+16.1%)
$139,500 + $99,500
$239,000
2009
$6,546
$139,500 + $99,500
$239,000
Public record
Beds
—
Baths
—
Stories
2
Lot width
25 ft.
Lot depth
79 ft.
Lot size
1,973 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,060
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,060
Year built
1900
Style
Single Family Residential
County
Essex County
APN
1402016 00039
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Newark, NJ • 07105-3720
Average low and high temperatures (°F)
37
25
40
27
56
38
64
47
72
56
83
67
89
73
83
66
78
63
68
52
57
43
41
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
55/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.3 hrs
3.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 46 Read St
$678,649
$3,649 over list price of $675K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $629K to $740K.