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MixedUse For Sale

218 Mulberry St, Newark City, Essex 07102-3528

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Property Description

Price Adjustment to reflect a 6.25% CAP RATE. A rare opportunity to acquire a fully income-producing mixed-use property in the heart of Downtown Newark’s Arena District, steps from the Prudential Center and Mulberry Commons Park. 218 Mulberry Street offers immediate cash flow with significant long-term upside in one of Newark’s most active redevelopment corridors. The property features a strong commercial anchor tenant generating approximately $240,000 annually, plus four residential units above, providing a diversified income stream with total annual income of approximately $349,200 and a net operating income of approximately $291,900. Operating expenses are low, tenants pay all utilities, and the property is owner-managed. All leases are month-to-month, offering incoming ownership flexibility to lock in long-term leases, optimize rents, or reposition the asset. Located within a major redevelopment zone surrounded by substantial public and private investment, the property is widely regarded as a strategic parcel in the continued transformation of Downtown Newark. Ideal for 1031 exchange buyers, long-term hold investors, value-add strategies, or assemblage-minded buyers seeking stable income today with meaningful future potential.

Basic Details
Property Type:
MixedUse
Listing Type:
For Sale
Listing ID:
4004798
Price:
$4,800,000
Year Built:
1900
Lot Area:
0.08 Acre
Status:
Active
Office Name:
EXP REALTY, LLC
Agent Name:
HECTOR R. ROJAS
Roof:
Flat
Features
Heating System:
See Remarks
Cooling System:
See Remarks
Basement:
Full
Sewer:
Public Sewer
Utilities:
All Underground
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07102-3528
Street:
Mulberry St
Street Number:
218
Longitude:
W75° 49' 43.9''
Latitude:
N40° 43' 53''
Directions:
Use GPS to 218 Mulberry Street, Newark, NJ 07102. The property is located in Downtown Newark near the Prudential Center and Mulberry Commons Park.
Zoning:
Redevelopment
Additional Information
Lot Size Dimensions:
27.9X121
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
5
Lot Features:
Corner
Building Size:
39500
Financial
Tax Annual Amount:
36877
Listing Information
List Agent Mls Id:
297002
List Office Mls Id:
5028
Mls Status:
Active
Modification Timestamp:
2026-06-30T08:19:13Z
Originating System Name:
gsmls
MixedUse For Sale
Listing ID:
4004798
Lot Area:
0.08 Acre
$4,800,000
Agent info
Contact Agent

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