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358-360 S Orange Ave Newark, NJ $ 1,300,000
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$ 1,300,000 Get more info
358-360 S Orange Ave
$ 1,300,000
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Open House 4/19 1:30pm - 2:30pm
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358-360 S Orange Ave

Newark, NJ, 07103
$ 1,300,000
Bedrooms-- Baths-- Sq 8,000

Monthly Estimate*

$ 8,004

358-360 S Orange Ave, Newark, NJ 07103 - Image 1
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Commercial Property for sale in Newark, NJ

for $1,300,000 with 8 half baths. This 8,000 square foot building was built on a lot size of 0.06.

Income-producing mixed-use asset featuring 6 residential units and 2 street-level retail spaces on a high-traffic corridor. Strong in-place cash flow with additional upside through lease-up and rent optimization. Value-add opportunity with select units offering below-market rents and vacancy allowing for strategic repositioning.Efficient layout with separate utilities supports streamlined operations and expense control. Retail frontage provides visibility and diversified income stream.Located near major transportation, public transit, and neighborhood amenities, supporting consistent rental demand. Ideal for investors seeking a stabilized asset with near-term upside potential in a growing urban market.

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Open House

4/19/2026 1:30 PM - 2:30 PM
358-360 S Orange Ave Newark, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Commercial Active

Price

$ 1,300,000

Half Bath

8

Property Type

Commercial

Taxes

$ 42,489

Style

MixedUse

Lot Size

0.06

Town/City

Newark

County/Region

Essex

MLS | Web ID

4020133
Features
General
Sewer Public Available
Construction Brick/Block
Heating 4+ Units Forced Hot Air
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Flat
Zoning C-2
Garage Spaces 0
Year Built 0
Tenant Pays Electric Heat
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2025
Ownership Fee Simple
Location Residential Area
Gross Income 156000
County Essex
Net Operating Income 78000
Operating Expense 78000
Status Active
Directions South Orange Ave and S 10th St
Number Of Units Total 8
Tax Annual Amount 42489
Drive None
Leasable Area 0
Standard Status Active
Tax Assessed Value 1062500
Town # 1614
Tax Lot 12.02
Cap Rate 6.00
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Interior
Basement Unfinished
Fuel Type Gas-Natural
Total Stories 4
Half Baths 8
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Exterior
Water Source Public Water
Total Parking 0
Exterior Description Brick/Block
Building Area Total 8000
Lot Dimensions 40.6 X68.2
Lot Size Acres 0.06
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* Excluded Features
List By
OWANATE EREKEOSIMA

Listing Agent

Mig Real Estate

Broker

Affordability Calculator

$11,545
Per Month
69%
31%
0%
Monthly Principal & Interest
$8,004
Monthly Property Taxes
$3,541
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/13/2026$1,300,000 Listed Price

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358-360 S Orange Ave, Newark, NJ, 07103 is a Commercial Property for sale at $1,300,000 with 8,000 sqft and a lot size of 0.06. The property's zip code is 07103 which is in Newark, NJ

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