Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Vinyl Siding

  • Parking

    Off Street

  • Pool

    No

Area & Lot

  • Lot Features

    Level

  • Lot Size(acres)

    0.06

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,099,000

  • Zoning

    C-2

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Essex

Elementary School

Middle School

High School

Listing Courtesy of None , FLOROSTONE REALTY INC.

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent PatrickBolger

FOUNDER

PatrickBolger

Call Patrick today to schedule a private showing.


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Exceptional investment opportunity in the heart of Newark. This newly constructed 3-story mixed-use building features three residential units and two ground-floor commercial spaces   a retail unit (1,132 SF) and an office unit (511 SF). All three apartments are currently leased at $2,300/month each on 3-year leases expiring in 2027, offering stable, in-place cash flow. The commercial units are presently owner-occupied on a month-to-month basis, allowing for flexible occupancy or immediate leasing upside. Both spaces will also be actively marketed for lease, making this a prime opportunity for investors, owner-users, or hybrid retail/residential operators.The property benefits from a valuable 5-year tax abatement, with reduced property taxes structured as follows: Year 1 " 0%, Year 2 " 20%, Year 3 " 40%, Year 4 " 60%, and Year 5 " 80% of full taxes. Located along the South Orange Avenue corridor, this asset is well positioned for long-term growth with convenient access to major highways, public transportation, and Newark's institutional and residential hubs. A rare chance to acquire a turnkey building with strong rental income and immediate commercial upside.

549 S Orange Ave

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Must see legal 6 Family Investment opportunity! Completely renovated inside & out in 2020, this turn-key property features major updates including a new roof, beams, plumbing, electrical, siding and HVAC systems. Each unit offers 2 bedrooms, 1 bath, an open-concept kitchen/dining area, high ceilings, stainless steel appliances, and is internet, phone and cable ready. A camera/intercom system is installed in every unit for added security and convenience. All separate utilities and a bonus finished basement. Located near Downtown Newark, Newark International Airport, Newark Penn Station with easy access to major highways and public transportation, this is great chance to lock into a market with rising demand and solid growth potential.
#3992810

Newark City

168 Sherman Ave

None Beds

None Baths

N/A

$1,290,000

MLS#: 3992810

This is your chance to own a turnkey mechanic shop in one of Newark?s most vibrant and high-traffic neighborhoods. Located in the sought-after Ironbound section, this commercial property comes fully equipped with 3 car lifts and a powerful compressor, making it ideal for any auto repair, tire, or service business. The spacious interior offers plenty of room to work efficiently, and the prime location ensures strong visibility and steady foot traffic. Whether you're expanding your current business or launching a new one, this property gives you the space, equipment, and location to hit the ground running. Come be the owner of this building today ? make your best offer and turn the key to your future!
#3988051

Newark City

195 Miller St

None Beds

None Baths

N/A

$900,000

MLS#: 3988051

This is a great investment opportunity to own a mix-used building with high ROI in a nice neighborhood in Newark, NJ. The building was constructed in 2009 by current owner with a restaurant on first floor and three apartments (Studio, 1-bedroom, 2-bedroom) on second floor. The restaurant signed a 10 year lease, providing carryout and dine-in services. Apartments are newly painted and are rented now. Close to schools, hospital, parks, and airport. Easy access to major highways. Financial statements are available upon request.
#3985662

Newark City

1042-1044 Bergen St

None Beds

None Baths

N/A

$1,280,000

MLS#: 3985662

Excellent investment opportunity in Newark's fast developing Ironbound District. Property is a 5 family featuring separate utilities and updated units. Perfect for an owner occupant or opportunity for added income for investor. Located minutes from Newark Penn Station, major highways, and Newark International Airport. Take advantage of great rents, a strong rental demand, easily accessible amenities, restaurants, parks and schools. Don't miss this chance to invest in a growing neighborhood with long-term upside.
#3979416

Newark City

204 Parkhurst St

None Beds

None Baths

N/A

$1,245,000

MLS#: 3979416

Newark is full of opportunity and 391-393 Hawthorne Ave has become your oyster. The original building of Bragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF!                       STATS AS FOLLOWS: - Two of three units are rented out for the next five years on a NNN w/right of renewal after five years- Each unit pays their own utilities and meters are seperated. Water is divided by the three units - Roof done in 2021 - Newer hot water heaters - Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space - Unit 1: is occupied by a community grocery store - Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available)  - Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Bragman's (389 & 395).
#3975573

Newark City

391 Hawthorne Ave

None Beds

None Baths

5,201 Sq.Ft.

$900,000

MLS#: 3975573

This prime six-unit opportunity has a 6.5% Cap Rate located in a high growth development zone.  A true turn-key investment with lots of room for upsize with 50% of the units being leased below market values. Don't miss the chance to invest in a strategic asset within one of the city's most promising growth markets and has a strong rental history.  Each unit features spacious layouts, modern amenities and strong tenant demand; ideal for both seasoned and new investors looking to grow their real estate portfolio.
#3970956

Newark City

372 6Th Ave

None Beds

None Baths

999 Sq.Ft.

$999,999

MLS#: 3970956

Prime Investment Opportunity " 168 McWhorter St, NewarkOffered for sale is the building only at 168 McWhorter St, located in the highly desirable Ironbound section of Newark. This sale does not include the restaurant business currently occupying the space. The existing lease has less than one year remaining, providing flexibility for future use or redevelopment.Also available are 170 McWhorter St and 68 Garden St, which may be purchased individually or as part of a bundled investment package.Don't miss this rare opportunity to own commercial property in one of Newark's most vibrant and high-traffic areas.
#3967200

Newark City

168 Mcwhorter St

None Beds

None Baths

2,400 Sq.Ft.

$999,999

MLS#: 3967200

PRICE IMPROVEMENT!   Huge upside potential  on this mixed use with 2 commercial and 4 residential units       Next door property 473 Clinton also on the market for $899,998    MLS 3948573   Owner will consider  Discount if both buildings purchased together
#3967271

Newark City

475 Clinton Ave

None Beds

None Baths

4,132 Sq.Ft.

$880,000

MLS#: 3967271

Great Investment Oportunity in the Progressive Forest Hills Section of Newark NJ. This fully leased mixed use property generates a healthy monthly income and is located on a busy street with easy access to public transportation, shopping, restaurants, schools, parks and more.
#3964528

Newark City

660 Mount Prospect Ave

None Beds

None Baths

3,521 Sq.Ft.

$1,250,000

MLS#: 3964528

 - property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here