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550-552 South 18th Street Newark, NJ $ 2,000,000
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$ 2,000,000 Get more info
550-552 South 18th Street
$ 2,000,000
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Share Save

550-552 South 18th Street

Newark, NJ, 07103
$ 2,000,000
Bedrooms-- Baths-- Sq 7,538

Monthly Estimate*

$ 12,477

550-552 South 18th Street, Newark, NJ 07103 - Image 1
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Commercial Property for sale in Newark, NJ

for $2,000,000 with 6 half baths. This 7,538 square foot building was built in 1930 on a lot size of 0.09.

Investor Alert!! Don't miss this beautifully renovated 6-unit gem located right in the heart of Newark. Each unit offers 2-bedrooms, 1-bathroom, stylish kitchens updated baths, Energy Star appliances, new plumbing, full basement/partially finished laundry room with digital machines and a newer roof- all redone in 2020! Perfectly positioned near parks, shopping centers, commuter lines, major highways, and airport, making it super convenient for tenants. A great low-maintenance, income-generating property with tons of long-term potential. Showings by appointment only. - please be courteous and do not disturb tenants.

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Commercial Active

Price

$ 2,000,000

Half Bath

6

Property Type

Commercial

Taxes

$ 7,621

Style

Apartment Complex

Lot Size

0.09

Year Built

1930

Town/City

Newark

County/Region

Essex

MLS | Web ID

3978420
Features
General
Sewer Public Sewer
Construction Wood
Heating 4+ Units
Cooling 4+ Units
Utilities All Underground
Possession After Closing
Roof Asphalt Shingle
Zoning RDV
Garage Spaces 0
Year Built 1930
Tenant Pays Cable T.V. Electric Gas Heat Hot Water
Township Newark City
Property Type Apartment Complex Apartment Complex
Tax Year 2024
Ownership Fee Simple
Location Residential Area
Lease Information 1 Year Minimum
Gross Income 100000
County Essex
Net Operating Income 75563
Operating Expense 24541
Status Active
Directions Located near the intersection of 16th Avenue & 18th Street
Number Of Units Total 6
Tax Annual Amount 7621
Drive None On-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 700000
Town # 1614
Tax Lot 52
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Interior
Basement Finished Finished-Partially Full
Flooring Tile Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 6
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Exterior
Water Source Public Water
Total Parking 0
Exterior Description Concrete Vinyl Siding
Building Area Total 7538
Lot Dimensions 50X75
Lot Size Acres 0.09
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* Excluded Features
List By
LOUNA PIERRE

Listing Agent

New And Modern Group

Broker

Affordability Calculator

$13,112
Per Month
95%
5%
0%
Monthly Principal & Interest
$12,477
Monthly Property Taxes
$635
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/30/2025$2,000,000 Listed Price

Map

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550-552 South 18th Street, Newark, NJ, 07103 is a Commercial Property for sale at $2,000,000 with 7,538 sqft and a lot size of 0.09. 550-552 South 18th Street was built in 1930. The property's zip code is 07103 which is in Newark, NJ

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