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661 S 18th St 5 Unit Apartment Building $999,900 ($199,980/Unit) Newark, NJ 07103
Executive Summary
Mixed-use investment opportunity featuring a well-located property comprised of four residential units and a ground-floor commercial space. The
commercial unit is currently occupied by a convenience store, providing steady income, while one of the four residential apartments is leased with additional
upside through lease-up of the remaining units. The property also includes a detached garage and private driveway, offering valuable off-street parking for tenants
or additional rental potential. Ideal for investors seeking a value-add opportunity with existing income and strong future cash flow potential. Lease income details
available upon request.
commercial unit is currently occupied by a convenience store, providing steady income, while one of the four residential apartments is leased with additional
upside through lease-up of the remaining units. The property also includes a detached garage and private driveway, offering valuable off-street parking for tenants
or additional rental potential. Ideal for investors seeking a value-add opportunity with existing income and strong future cash flow potential. Lease income details
available upon request.
Property Facts
| Price | $999,900 | Building Class | C |
| Price Per Unit | $199,980 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 8,500 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.24/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | 4C | ||
| Price | $999,900 |
| Price Per Unit | $199,980 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 8,500 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.24/1,000 SF |
| Zoning | 4C |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 5 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 14-00351-0000-00029 | Improvements Assessment | $439,700 |
| Land Assessment | $60,000 | Total Assessment | $499,700 |
Property Taxes
Parcel Number
14-00351-0000-00029
Land Assessment
$60,000
Improvements Assessment
$439,700
Total Assessment
$499,700
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Videos
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Presented by
SJI Jackson Real Estate LLC
661 S 18th St
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