USANJNewarkUniversity Heights277 Orange St

277 Orange St, Newark

Name: 277 Orange St, For Sale in Newark - eXp Realty
Brand: EXP REALTY, LLC
SKU: 4023449
Price: 280000 CAD

House

For Sale

$280,000

000

MLS® 4023449

Key Facts
Description
Map

Key Facts

Type

Levels Land

Size -

Garage

Taxes $1,671

Days Active 0

Lot Size

Approx. Age

MLS® Number 4023449

Property Address: 277 Orange St, Newark, NJ, 07103-3224

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

Description

Presenting a unique investment opportunity in the heart of Newark?s rapidly evolving University Heights neighborhood. Currently utilized as a paved parking lot, this 19' x 108'parcel offers a deep footprint for creative urban development. While the lot is considered undersized by traditional standards, it stands to benefit significantly from Newark?s recent"Streamline Small Development" administrative changes. These updated local ordinances are designed to fast-track housing production by allowing three-family dwellings and othersmall-scale projects on grandfathered undersized lots to be approved administratively. This crucial shift potentially allows a developer to bypass the lengthy Planning Board hearing process. The property?s location on Orange Street, a recognized primary corridor, provides a versatile canvas for a mixed-use signature building. Prospective owners can explore adesign that incorporates a ground-floor commercial space to serve the high-traffic corridor, topped with high-density residential units. Although the 19-foot width naturally prohibits afront-facing driveway under current city codes, the path to development is clear through minor variances. A developer might seek a parking requirement waiver given the site'sexceptional transit proximity or satisfy requirements via a rear alley configuration. These small variances are well-supported by the city?s current push for "Transit-OrientedDevelopment" and the logistical realities of historic Newark lots. The location is a commuter?s dream and a magnet for the city?s professional and academic population. Situated just 5 blocks from the Orange Street Light Rail Station, residents enjoy a seamless five-minute connection to Newark Penn Station, offering world-class access to PATH trains, NJ Transit, and Amtrak for easy commutes to Jersey City and Manhattan. The property is also perfectly positioned to capture the robust rental demand from the neighboring University District, home to NJIT, Rutgers-Newark, and Essex County College. Beyond its commercial and transit appeal, the neighborhood offers significant lifestyle amenities. The property is located just 2 blocks from the iconic Branch Brook Park. This proximity to premium green space, combined with the administrative ease of the new "Streamline" rules, makes this property an ideal acquisition for a savvy developer looking to capitalize on Newark?s urban renaissance.

MLS® Number4023449

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 27, 2026List Date

$280,000List Price

-End Date

Not Sold YetSold Price

For Sale

Apr 27, 2026List Date

$280,000List Price

Commute

Commute

Starting Address

Destination Address

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Listing Agent

DEAN CLARK

201-639-4940

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