1,800 sqft

$775,000

485 18Th Ave, Newark City NJ, 07103

Price per sqft$430.56

Property size1,800 sqft

Property typeCommercial

Overview

Active

Listed Aug 17, 2026

Updated 2 days ago

Mixed-use investment opportunity featuring five income-producing units. The street-level unit is currently configured and occupied as a 2-bedroom, 1-bath unit, with potential commercial use subject to applicable zoning, approvals, and permitted use. The second and third floors each contain two 1-bedroom, 1-bath apartments with living room and kitchen, for a total of four residential units. All units are currently month-to-month with a history of timely rent payments. Current monthly gross income is $5,600, totaling $67,200 annually. Reported annual operating expenses are $14,626, resulting in NOI of $52,574 and an estimated 6.58% cap rate based on the current asking price. Convenient Newark location with access to public transportation and major roadways. Rent roll and financial information available for review. All income, expenses, permitted uses and financial information to be independently verified by buyer.

Other Property Details

Taxes: $7,826
Tax Frequency: Annually

Courtesy of REAL with PETER MORIELLO, JOSEPH W. METTLE
Listing Contact: 8554500442

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