Closed$400,000
TLC ≈ $3,429/mo
3 4 2,422 sqft
88 Richmond Street, Newark, NJ 07103
141 Wilson Avenue #0, Newark, NJ 07105
$1,500
2 beds 1 baths — Built 19201 days on marketActive
About this home
The multi-family asset located at 141 Wilson Avenue in Newark, New Jersey, presents a highly strategic and fundamentally sound acquisition opportunity for real estate investors, portfolio managers, and passive-income seekers. Situated within the boundaries of the North Ironbound neighborhoodhistorically and consistently recognized as one of the most resilient, high-demand rental submarkets within the New York City metropolitan areathis three-story multi-family structure offers a rare blend of immediate revenue stability, long-term capital appreciation, and robust structural efficiency. By analyzing the demographic shifts, transit infrastructure, structural profile, and economic dynamics of the immediate area, it becomes clear that this asset is perfectly positioned to capture premium rental yields while minimizing long-term vacancy exposure.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 4% APR.
Your estimated payment
$418/mo
- Real estate (PITI + HOA + PMI)
- $13
- Utilities
- $317
- Transportation
- $169
- Other (entertainment)
- $157
Principal + interest$7
Property tax + insurance$5
PMI / 2nd mortgage$1
Heating + cooling$22
Internet + TV + phone$157
Water + sewer + garbage$58
Car insurance + maintenance$169
Budget$5,000/mo
Remaining after TLC$4,582/mo
Purchase price
$1,500
Down payment
$75 (5%)
Loan amount
$1,425
APR
4%
Quick facts
Type
Apartment
Style
Remarks
Year built
1920
Lot size
—
Stories
3
Heating
See Remarks
Cooling
Central Air
Water
Public
HOA
—
Annual tax
—
MLS #
2770699M
County
Essex
At a glance
Air conditioning
Garage (2)
Home features
Appliances
Electric Range/OvenGas Range/OvenMicrowaveRefrigeratorRangeTrash CompactorOvenWasherElectric Water Heater
Parking
Attached
Kitchen
Separate Dining Area
Flooring
See Remarks
Sewer
Public Available
Neighborhood — 07105
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 44,442 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 20.00% | 14.00% | 20.00% |
| Population Density | 9,440 | 1,137 | — |
| Male | 23,150 | 4,307,827 | 147,432,321 |
| Female | 21,291 | 4,525,010 | 151,655,844 |
| Never Married | 12,701 | 1,965,811 | 63,775,926 |
| Married | 15,924 | 3,647,435 | 123,120,365 |
| Separated | 3,734 | 391,239 | 12,639,686 |
| Widowed | 1,915 | 515,172 | 15,467,586 |
| Divorced | 1,968 | 529,393 | 23,075,029 |
| Number Of House Hold | 15,373 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.88 | 2.73 | 2.60 |
| Medial Age | 32.43 | 37.15 | 35.46 |
| Median House Hold Income | $39,351 | $63,392 | $48,276 |
| Average House Hold Income | $47,770 | $83,312 | $63,629 |
| P C I | $16,683 | $30,662 | $24,529 |
| M D I | $34,398 | $52,505 | $41,133 |
| A T H E | $42,395 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 78.61% | 81.02% | 77.74% |
(Zip) Code
7105
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 10/9/2026. Provided courtesy of VICTORIA M. BROWN via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.