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New
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$799,999

For Sale

18 hours ago

485 18Th Ave, Newark

House

MLS® 4047292

0 Bed

5 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $7,826
Days Active 1
Lot Size 0.04 Acres
Approx. Age 9999
MLS® Number 4047292

Property Address: 485 18th Ave, Newark, NJ, 07103-1703

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number4047292
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age9999
Basement
DrivewayNone
Garage Spaces
HeatHeat Source: Gas-Natural, Heating Type: Baseboard - Hotwater
A/CCentral Air

Extras

Building & Land

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 17, 2026List Date
$799,999List Price
  • Commute

Commute

Starting Address
Destination Address
485 18Th Ave, Newark,

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