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113 Elizabeth Ave,Newark City, NJ 07108-4802 | Wright Home Realty

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+01-123-4567

Listing Details

113 Elizabeth Ave,Newark City, NJ 07108-4802

  • January 6, 2026

Description

This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation.The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today’s market.Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you’re looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.

Details

Last Updated On: January 6th, 2026 at 5:27 pm
Property ID:PT-26188150-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 650,000 $
Bedrooms:6
Year Built:1920

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 27.7X100
Lot Identifier: 26
Lot Identifier: 26

Home Details

Open Parking: 0
Basement: Yes
Basmnt/Desc: Yes - Unfinished
Acreage: 0.06
Total Baths: 3.10
Unit Style: Fourplex
Number of Units: 4
Rooms: 17
Easement/Desc: Unknown
Exterior Description: Brick
Roof Description: Asphalt Shingle
Possesion: At closing
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 SqFt: 850
Unit 1 Rent: 1600
Unit 1 Room Description: Rec Room, Storage
Unit 2 Appliances/Equipment: CarbMDet,CookGas,SmokeDet
Unit 2 Levels: 1
Unit 2 Rooms: 5
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 2 Handicap: No
Unit 2 SqFt: 900
Unit 2 Rent: 1800
Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
Unit 3 Appliances/Equipment: CarbMDet,CookGas,SmokeDet
Unit 3 Levels: 1
Unit 3 Rooms: 5
Unit 3 Beds: 2
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 3 Handicap: No
Unit 3 SqFt: 900
Unit 3 Rent: 1800
Unit 3 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
Unit 4 Appliances/Equipment: CarbMDet,CookGas,SmokeDet
Unit 4 Levels: 1
Unit 4 Rooms: 5
Unit 4 Beds: 2
Unit 4 Baths: 1.0
Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Unit 4 Handicap: No
Unit 4 SqFt: 900
Unit 4 Rent: 1700
Unit 4 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
Block Identifier: 2672
County Number: 16
Town Number: 1614
YB/Desc: 1920 - Approximate
Easement: Unknown
Parking/Driveway Description: On-Street Parking
Block Identifier: 2672
County Number: 16
Town Number: 1614
Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 82800
Net Operating Income: 66300
Expense Include: Cold Water, Garbage Collection, Insurance, Taxes
Warranty: No
Tax ID For Property: 1614-02672-0000-00026-0000-
Tax Amount: $6,872.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2024
Farm Assessment: No
Land Assessment: $55,000.00
Building Assessment: $125,700.00
Total Assessment: $180,700.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: 4+ Units
Cool System: None
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural
Services: Garbage Included

Features

  • Carbon Monoxide Detector
  • Fire Extinguisher
  • Metal Fence
  • Smoke Detector
  • Wood Floors

Statistics

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