Rare mixed-use investment opportunity on high-traffic S Orange Avenue in Newark's established West Side corridor.This well-maintained brick building offers two street-level commercial spaces plus four residential units ideal for anowner-user or pure income investor. Kitchens and baths updated within the last 10 years. Additional storage inbasement and private paved backyard. Separate utilities. Gross monthly income of $10,700. Priced at a compelling8.0% cap rate one of the strongest going-in yields available in Essex County today. Minutes to downtown Newark,NJ Transit, and major highways. REO (bank-owned) property. Seller is in the process of securing access to all units. All offers accepted subject tofull physical inspection contingency, to be scheduled once interior access is obtained. Buyer's due diligenceperiod commences upon written confirmation of unit access. Property sold strictly AS-IS. Seller will make norepairs. All income figures must be independently verified by Buyer. Proof of funds or pre-qualification requiredprior to showing. Do not disturb tenants.
Active
$990,000
304 S Orange Ave #0, Newark City, NJ 07103
--beds
6baths
3,484sqft
Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$284/sqft
$-- HOA
What's special
Private paved backyardAdditional storage in basementWell-maintained brick building
- 69 days
- 26
- 3
Zillow last checked:
Listing updated:
Listed by:
Cheryl Darmanin 973-783-7400,
Keller Williams - Nj Metro Group,
Rashad Davis
Source: GSMLS,MLS#: 4043437
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 6
Heating
- Radiators - Hot Water, Radiators - Steam, Natural Gas
Cooling
- Window Unit(s)
Features
- Doors: Max Door Height: 0
- Basement: Yes,Storage Space
Interior area
- Total structure area: 3,484
- Total interior livable area: 3,484 sqft
Property
Parking
- Parking features: On-Street Parking, Paver Block
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 3,484 Square Feet
- Dimensions: 41.8 x 87
- Features: Corner Lot, Freestanding, See Remarks
Details
- Parcel number: 1614002700000000010000
- Zoning description: Mixed-Use
- Other equipment: See Remarks
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick/Block
- Roof: See Remarks
Condition
- Year built: 1920
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Price per square foot: $284/sqft
- Tax assessed value: $278,200
- Annual tax amount: $11,125
- Date on market: 7/28/2026
- Inclusions: Building Only, See Remarks
- Ownership type: Fee Simple
- Tenant pays: All Utilities
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$2,841/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Listed for sale | $990,000$284/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment









