2
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$899,000
Est. payment /mo
4,700 SqFt
Active
948 S Orange Ave Newark City, NJ 07106
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $191
MLS Listing ID 4056861
Year Built 1930
Annual Tax Amount $10,597
Tax Year 2025
Lot Size 1,306 Sqft
Property Sub-Type Mixed Use
Property Description
An outstanding investment opportunity awaits with this prime five-unit mixed-use property, offering strong, diversified revenue streams and high cash-flow potential. The building features three prominent ground-floor retail spaces alongside two spacious upper-level residential apartments, each offering a desirable two-bedroom, one-bathroom layout that easily attracts reliable, long-term tenants. With the commercial tenants responsible for paying all of their own utilities, operating overhead remains exceptionally low, allowing investors to maximize net operating income from day one. Whether you are expanding an established commercial portfolio or looking for a high-performing multi-family asset, this income producer delivers the ideal blend of tenant stability, utility-split efficiency, and long-term financial growth.
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Full, Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Fire Alarm
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Electric
Roof Type Flat
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by MENZA REALTY
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