Log In/Sign Up
Your email has been sent.
661 S 18th St 5 Unit Apartment Building $949,900 ($189,980/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. Property is being sold in strictly “as-is, where-is” condition. Buyer is responsible for independently verifying all information, including but not limited to the number of bedrooms, square footage, legal use of the property, zoning, and any applicable permits or approvals. Seller makes no representations or warranties as to the accuracy of any property details.
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 is being sold in strictly “as-is, where-is” condition. Buyer is responsible for independently verifying all information, including but not limited to the number of bedrooms, square footage, legal use of the property, zoning, and any applicable permits or approvals. Seller makes no representations or warranties as to the accuracy of any property details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $949,900 | Building Class | C |
| Price Per Unit | $189,980 | 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 | $949,900 |
| Price Per Unit | $189,980 |
| 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 |
|---|---|---|---|
| 1+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
1 of 46
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
661 S 18th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.