About This Home

This 2-bedroom, 2-bathroom residential multi family at 72 Hanford St in Newark City, NJ is listed for $475,000. Built in 1941, on a 0.11 acres lot.

Key Features

  • Built in 1941
  • 0.11 acre lot
  • 4 parking spaces

Property Details

2 full
4 spaces
1941
Listing Description

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.

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$344
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

72 Hanford St

Newark City, NJ 07114-1129

Property Details

Heating

Forced Air

Questions & Answers

This 2-bedroom, 2-bathroom residential multi family at 72 Hanford St is listed at $475,000. The estimated monthly payment is $2,541 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1941, 0.11 acre lot, 4 parking spaces.

This property is listed by FELICIA M. HANKERSON.

FH

FELICIA M. HANKERSON

Agent at REAL

Listed by REAL · View on Broker Site

MLS# 4036447· Source: listhub· 10 days on market

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

72 Hanford St, Newark City, NJ 07114-1129

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