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858-860 S 18th St 858-860 S 18th St 6 Unit Apartment Building $1,600,000 ($266,667/Unit) 7.95% Cap Rate Newark, NJ 07108
INVESTMENT HIGHLIGHTS
- Access & Connectivity
- Recent Upgrades & Renovations
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Separately Metered Utilities
- Quality of Life Amenities
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 858-860 S 18th Street in Newark, NJ (the “Property”). The multi-story building contains six (6) total units comprised of three (3) 4-Bedroom/2-Bathroom units and three (3) 3-Bedroom/2-Bathroom units situated upon a 0.11-acre parcel and offers on-street parking. 858 S 18th Street is strategically positioned in Newark’s West Ward, offering strong neighborhood visibility and convenient access to major transportation corridors. The property benefits from proximity to South Orange Avenue and Springfield Avenue, providing seamless connectivity to surrounding residential districts and local commercial amenities. Quick access to the Garden State Parkway, I-78, and Route 21 ensures efficient regional travel to Downtown Newark, Jersey City, and the broader New York Metropolitan Area. Nearby retail, public transit options, schools, and community services further support livability and enhance long-term tenant demand.
PROPERTY FACTS
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $266,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.95% | Building Size | 9,361 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Price | $1,600,000 |
| Price Per Unit | $266,667 |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 9,361 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 14-03013-0000-00096 | Improvements Assessment | $253,500 |
| Land Assessment | $120,000 | Total Assessment | $373,500 |
PROPERTY TAXES
Parcel Number
14-03013-0000-00096
Land Assessment
$120,000
Improvements Assessment
$253,500
Total Assessment
$373,500
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858-860 S 18th St | 858-860 S 18th St
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