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Residential Income For Sale

539-541 18th Avenue, Newark, NJ 07103

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Property Description

Spacious 4 family corner property located opposite West Side Park in the desirable 07103 section of Newark. Features a 2/2/2/3 bedroom layout with 3 fully renovated 2 bedroom apartments showcasing modern kitchens, bathrooms, appliances and hardwood flooring throughout. The property is currently generating approximately $10,000 per month from the three renovated units. The remaining 3-bedroom unit requires renovation, presenting a strong value-add opportunity with projected gross income of approximately $15,000 per month once completed. Separate laundry, utilities, and mechanical units for each apartment provides efficiency and ease of management. The basement offers additional upside potential for possible conversion into two additional units (subject to municipal approval), or alternatively for laundry facilities, tenant storage, or bonus rooms to further enhance income. Ideal for investors seeking stable cash flow with future appreciation or an owner-occupant looking to offset their mortgage with rental income. Perfect for short-term rental strategy (subject to local regulations) or long-term hold. Conveniently located near the Garden State Parkway, Route 280, and major transportation routes with easy access to NJ Transit, Newark Penn Station, Newark Liberty International Airport, NJPAC, The Newark Museum of Art, Rutgers University, University Hospital, and NJIT. This building may qualify for a grant to assist with down payment or closing costs via our approved lenders.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26006383
Price:
$899,500
Status:
Active Under Contract
Office Name:
RE/MAX First Realty II
Agent Name:
Darrell
Features
Architectural Style:
4 Family
Laundry Features:
In Unit
Utilities:
Sep Elec, Sep Gas, Sep Heat, Sep Water
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Newark
Zipcode:
07103
Street:
18th
Street Number:
539-541
Street Suffix:
Avenue
Longitude:
W75° 48' 28.9''
Latitude:
N40° 43' 45.3''
Additional Information
On Market Date:
2026-02-27
Financial
Tax Annual Amount:
11679
Listing Information
Co List Agent Mls Id:
457599
List Agent Mls Id:
1014162
List Office Mls Id:
3103
Mls Status:
Under Contract
Modification Timestamp:
2026-05-06T01:47:25Z
Originating System Name:
njmls
Status Change Timestamp:
2026-05-05
Residential Income For Sale
Listing ID:
26006383
$899,500
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
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