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Listed by Joseph Burgos Burgos Realty Company
$1,490,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25011355
Style Res/Com Mixed
Property Sub-Type Res/Com Mixed
Property Description
Prime Mixed-Use Investment Opportunity in the Heart of Newark! A rare mixed-use building with strong potential just moments from University Heights, Rutgers, NJIT, major hospitals, and Newark’s top entertainment hubs, including NJPAC and Prudential Center. This well-maintained, recently renovated asset features two spacious residential units—each with 4 bedrooms, 2 full baths, new central air, and forced hot air—ideal for tenants, student housing, or corporate use. The ground level offers approx. 3,000 SF of commercial space, formerly a lounge, with two bar setups and a flexible layout. Whether you’re an investor or entrepreneur, this is a blank canvas ready for your vision. Located in a high-traffic area with excellent transit access, this is a standout opportunity in one of Newark’s most dynamic neighborhoods. Key Highlights: Immediate occupancy, Two renovated 4BR/2BA units - current rent roll = $3,300 p/unit, 3,000 SF commercial space, Near major schools, hospitals, transit & entertainment.
Location
State NJ
County Essex
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G.K. Cheung
Broker of Record | License ID: 1120283
Broker of Record License ID: 1120283