113 Elizabeth Ave Newark, NJ $ 650,000
113 Elizabeth Ave
$ 650,000
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113 Elizabeth Ave

Newark, NJ, 07108
$ 650,000
Bedrooms-- Baths-- Sq 2,700

Monthly Estimate*

$ 4,055

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Commercial Property for sale in Newark, NJ

for $650,000 with 4 half baths. This 2,700 square foot building was built in 1920 on a lot size of 0.06.

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.

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Commercial Pending

Price

$ 650,000

Half Bath

4

Property Type

Commercial

Taxes

$ 6,872

Style

MixedUse

Lot Size

0.06

Year Built

1920

Town/City

Newark

County/Region

Essex

MLS | Web ID

3968165

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 3 Units
Cooling No Cool
Utilities Gas-Natural
Possession at closing
Roof Flat
Zoning commercial
Garage Spaces 0
Year Built 1920
Tenant Pays Electric Gas Heat
Township Newark City
Property Type Mixed Use See Remarks Store With Apartment MixedUse
Tax Year 2024
Ownership Fee Simple
Location Business District Freestanding
Gross Income 82800
County Essex
Net Operating Income 66300
Operating Expense 16500
Status Under Contract
Directions Clinton or W Bigelow to Elizabeth between Earl and Alpine.
Number Of Units Total 4
Tax Annual Amount 6872
Drive None On-Street Parking
Leasable Area 800
Standard Status Under Contract
Tax Assessed Value 180700
Town # 1614
Tax Lot 26
Farm Assessment No
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Interior
Flooring Tile Wood
Fuel Type Gas-Natural
Total Stories 4
Half Baths 4
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Exterior
Lot Features Open Lot Wooded Lot
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 2700
Lot Dimensions 27.7X100
Lot Size Acres 0.06
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* Excluded Features
List By
MICHELE CHILES-HICKMAN

Listing Agent

Bhhs Fox & Roach

Broker

michelechileshickman@hotmail.com

Email

Affordability Calculator

$4,628
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$573
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$650,000 -7.01% Price Down
6/9/2025$699,000 Listed Price

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113 Elizabeth Ave, Newark, NJ, 07108 is a Commercial Property for sale at $650,000 with 2,700 sqft and a lot size of 0.06. 113 Elizabeth Ave was built in 1920. The property's zip code is 07108 which is in Newark, NJ