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

Newark, NJ, 07108
$ 650,000
Bedrooms6 Baths3.1

Monthly Estimate*

$ 4,055

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Multi-Family Home for sale in Newark, NJ

for $650,000 with 6 bedrooms and 3 full baths, 1 half bath. This home 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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Multi-Family Pending

Price

$ 650,000

Bedrooms

6

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 6,872

Style

Fourplex

Lot Size

0.06

Year Built

1920

Town/City

Newark

County/Region

Essex

MLS | Web ID

3968168

Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher Smoke Detector Wood Floors
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 0
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 2
Fuel Type Gas-Natural
Half Baths 1
Total Bedrooms 6
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General
Sewer Public Sewer
Heating 4+ Units
Cooling None
Utilities Gas-Natural
Possession At closing
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 0
Architectural Style Fourplex See Remarks
Year Built 1920
Township Newark City
Tax Year 2024
Gross Income 82800
County Essex
Net Operating Income 66300
Operating Expense 16500
Total Rooms 17
Full Baths 3
Status Under Contract
Directions Clinton Ave or W Runyon to Elizabeth
Open Parking Spaces 0
Number Of Units Total 4
Tax Annual Amount 6872
Home Warranty Y/N No
Drive On-Street Parking
Standard Status Under Contract
Tax Assessed Value 180700
Town # 1614
Tax Lot 26
Farm Assessment No
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Exterior
Exterior Amenities Metal Fence
Water Source Public Water
Exterior Description Brick
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

Map


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113 Elizabeth Ave, Newark, NJ, 07108 is a Multi-Family Home for sale at $650,000 with a lot size of 0.06. 113 Elizabeth Ave has 6 bedrooms, 3.1 baths, and was built in 1920. The property's zip code is 07108 which is in Newark, NJ