For Multi Family

539 18Th Ave,Newark City, NJ 07103-1451

February 26, 2026

Spacious 4 family corner property located opposite West Side Park in the desirable 07103 section of Newark. Features a 2/2/2/3 bedroom layout with 3 fully renovated 2 bedroom apartments showcasing modern kitchens, bathrooms, appliances and hardwood flooring throughout. The property is currently generating approximately $10,000 per month from the three renovated units. The remaining 3-bedroom unit requires renovation, presenting a strong value-add opportunity with projected gross income of approximately $15,000 per month once completed. Separate utilities and mechanical systems for each apartment provide efficiency and ease of management. The basement offers additional upside potential for possible conversion into two additional units (subject to municipal approval), or alternatively for laundry facilities, tenant storage, or bonus rooms to further enhance income. Ideal for investors seeking stable cash flow with future appreciation or an owner-occupant looking to offset their mortgage with rental income. Perfect for short-term rental strategy (subject to local regulations) or long-term hold. Conveniently located near the Garden State Parkway, Route 280, and major transportation routes with easy access to NJ Transit, Newark Penn Station, Newark Liberty International Airport, NJPAC, The Newark Museum of Art, Rutgers University, University Hospital, and NJIT. This building may qualify for a grant to assist with down payment or closing costs via our approved lenders.

Property ID:PT-29911788-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 899,500 $

Bedrooms:9

Year Built:1930

Listing Details

Status: Active

Location

County: Essex

Lotsize: 64.5X49

Lot Identifier: 5

Lot Description: Level Lot

Lot Identifier: 5

Home Details

Open Parking: 2

Basement: Yes

Renovated: 2025

Basmnt/Desc: Yes - Unfinished, Walkout

Acreage: 0.07

Total Baths: 4.00

Unit Style: Fourplex

Number of Units: 4

Rooms: 17

Easement/Desc: Unknown

Exterior Description: Aluminum Siding, Brick

Roof Description: Asphalt Shingle

Possesion: AT CLOSING

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Rent: 9999

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 1 Security Deposit: 9999

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Rent: 9999

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Security Deposit: 9999

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 3

Unit 3 Baths: 2.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Rent: 9999

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Security Deposit: 9999

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 4 Levels: 1

Unit 4 Rooms: 5

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Rent: 9999

Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 4 Security Deposit: 9999

Color of Building: BEIGE/RED

Block Identifier: 360

County Number: 16

Town Number: 1614

YB/Desc: 1930 - Approximate, Renovated

Color of Building: BEIGE/RED

Easement: Unknown

Parking/Driveway Description: 1 Car Width

Block Identifier: 360

County Number: 16

Town Number: 1614

Possession: AT CLOSING

Taxes, Fees & Assessments

Gross Operating Income: 999999

Net Operating Income: 99999

Warranty: No

Tax ID For Property: 1614-00360-0000-00005-0000-

Tax Amount: $11,679.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $20,300.00

Building Assessment: $286,800.00

Total Assessment: $307,100.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 4+ Units, Radiators - Steam

Cool System: 4Units,None

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

Other

Zoning: R4

Carbon Monoxide Detector
Fire Extinguisher
High Ceilings
Intercom
Metal Fence
Security System
See Remarks
Smoke Detector
Tile Floors
Wood Floors

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Listing Details

539 18Th Ave,Newark City, NJ 07103-1451

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