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Cindy Huang

cindyhuangrealtor@gmail.com +1(201) 647-6663

$ 649,500

Est. payment | -/mo

4 Beds

1.5 Baths

2,613 Sqft Lot

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$ 649,500

Est. payment | -/mo

Save

4 Beds

1.5 Baths

2,613 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4032954

Style 2-Two Story

Bedrooms 4

Full Baths 1

Half Baths 1

Year Built 1920

Annual Tax Amount $9,573

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Exceptional mixed-use investment opportunity in North Newark! This well-maintained two-unit property offers strong, stable cash flow with long-term tenancy in place and significant upside for investors seeking a turnkey asset.The ground-floor commercial space is occupied by a successful neighborhood grocery store with 12 years remaining on the lease, providing reliable income and built-in 3% annual rent increases. The business is NOT for sale.The second-floor residential unit features 4 bedrooms, 1 full bathroom, den/office and is currently rented on a month-to-month basis, offering flexibility for future rent adjustments or owner-user possibilities.Current rental income: Commercial Unit: $3,550/month (12 years remaining, 3% annual escalations) Residential Unit: $2,420.50/month (month-to-month)With low annual taxes of just $9,573.61 and a desirable mixed-use configuration, this property delivers excellent cash flow potential and long-term income growth. Conveniently located on a busy street with strong visibility, consistent foot traffic, and easy access to major highways, public transportation, shopping, and local amenities.

Location

State NJ

County Essex

Rooms

Basement Bilco-Style Door

Interior

Heating Gas-Natural

Cooling 1 Unit, Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Utilities Available Gas-Natural

Roof Type Flat

Garage No

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Others

Senior Community No

Listed by RE/MAX PROFESSIONALS I

Nearby Locations

"My job is to protect your interests and guide you through every step of buying, selling, or investing in New Jersey real estate."

+1(201) 647-6663

cindyhuangrealtor@gmail.com

165 Passaic Ave, Suite 205, Fairfield, New Jersey 07004, USA

199 Summer Ave Newark City, NJ 07104

Cindy Huang

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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199 Summer Ave