23
See all 23 photos
$699,000
Est. payment /mo
6 Beds
3.5 Baths
3,550 SqFt
New
113 Elizabeth Ave Newark City, NJ 07108
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $196
MLS Listing ID 3968168
Style Fourplex, See Remarks
Bedrooms 6
Full Baths 3
Half Baths 1
Year Built 1920
Annual Tax Amount $6,872
Tax Year 2024
Lot Size 2,613 Sqft
Property 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.
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex, See Remarks
Others
Senior Community No
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Listed by BHHS FOX & ROACH