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221 Sussex Ave Newark, NJ $ 1,350,000
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$ 1,350,000 Get more info
221 Sussex Ave
$ 1,350,000
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221 Sussex Ave

Newark, NJ, 07103
$ 1,350,000
Bedrooms-- Baths--

Monthly Estimate*

$ 8,312

221 Sussex Ave, Newark, NJ 07103 - Image 1
221 Sussex Ave, Newark, NJ 07103 - Image 2
221 Sussex Ave, Newark, NJ 07103 - Image 3
221 Sussex Ave, Newark, NJ 07103 - Image 4
221 Sussex Ave, Newark, NJ 07103 - Image 5
221 Sussex Ave, Newark, NJ 07103 - Image 6
221 Sussex Ave, Newark, NJ 07103 - Image 7

Commercial Property for sale in Newark, NJ

for $1,350,000 with 6 half baths. This building was built in 1950 on a lot size of 0.06.

Located just steps from University Heights, 221 Sussex Avenue presents a prime opportunity to own a high-yielding mixed-use property in one of Newark's most desirable investment corridors. This well-positioned building offers a total of six units, including four residential apartments and one commercial storefront, making it a versatile asset for both seasoned and first-time investors. 221 Sussex Ave offers long-term upside with immediate rental income potential. Positioned adjacent to 219 Sussex Ave, this property is also ideal for investors seeking to consolidate holdings in a high-growth area.

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Commercial Active

Price

$ 1,350,000

Half Bath

6

Property Type

Commercial

Taxes

$ 13,679

Style

MixedUse

Lot Size

0.06

Year Built

1950

Town/City

Newark

County/Region

Essex

MLS | Web ID

4030367
Features
General
Sewer Public Sewer
Construction See Remarks
Heating Forced Hot Air
Cooling No Cool
Utilities Electric Gas-Natural
Possession TBD
Roof Flat
Zoning Mix
Garage Spaces 0
Year Built 1950
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2024
Ownership Fee Simple
Location See Remarks
County Essex
Status Active
Directions Norfolk St. to Sussex Ave.
Number Of Units Total 4
Tax Annual Amount 13679
Drive None
Leasable Area 0
Standard Status Active
Tax Assessed Value 359700
Town # 1614
Tax Lot 36
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Exterior
Water Source Public Water
Total Parking 0
Exterior Description See Remarks
Building Area Total 0
Lot Dimensions 25X100
Lot Size Acres 0.06
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Interior
Fuel Type Electric Gas-Natural
Total Stories 3
Half Baths 6
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* Excluded Features
List By
JORGE VELASQUEZ

Listing Agent

Re/Max Professionals I

Broker

jvelasquez21@verizon.net

Email

Affordability Calculator

$9,452
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,312
Monthly Property Taxes
$1,140
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
5/27/2026$1,350,000 Listed Price

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221 Sussex Ave, Newark, NJ, 07103 is a Commercial Property for sale at $1,350,000 with a lot size of 0.06. 221 Sussex Ave was built in 1950. The property's zip code is 07103 which is in Newark, NJ

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