83 Jay St Newark, NJ ^$ 1,199,900

83 Jay St

^$ 1,199,900

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Recently Listed

83 Jay St

Newark, NJ, 07103

^$ 1,199,900

Bedrooms-- Baths--

Monthly Estimate*

^$ 7,576

Commercial Property for sale in Newark, NJ

for $1,199,900 with 6 half baths. The lot size is 0.07.

INVESTOR ALERT! Well-maintained and recently updated 6-unit multifamily property offering an attractive unit mix and income-producing potential. The property features 2 1BR/1bath units and 4 2BR/1bath units, providing a desirable mix for a variety of tenants. Each unit has two means of egress, adding functionality and convenience. The property also includes three detached garage spaces, offering valuable off-street parking and additional storage potential. Recent updates make this an excellent opportunity for investors seeking a multifamily asset with multiple income-producing units. Conveniently located near transportation, shopping, schools, and major roadways.

Commercial Active

Price

^$ 1,199,900

Half Bath

Property Type

Commercial

Taxes

^$ 10,077

Style

Apartment Complex

Lot Size

0.07

Town/City

Newark

County/Region

Essex

MLS | Web ID

4055683

Features

General

Sewer Public Sewer

Construction See Remarks

Heating 2 Units Baseboard - Electric

Cooling Window A/C(s)

Utilities Electric Gas-Natural

Possession TBD

Roof Flat

Zoning .

Year Built 9999

Township Newark City

Property Type Apartment Complex Apartment Complex

Tax Year 2024

Ownership Fee Simple

Location Residential Area

County Essex

Status Active

Directions Central Ave. to Jay St.

Number Of Units Total 6

Tax Annual Amount 10077

Drive 1 Car Width

Leasable Area 0

Standard Status Active

Tax Assessed Value 265000

Town # 1614

Tax Lot 8

Interior

Basement Unfinished

Fuel Type Gas-Natural

Total Stories 3

Half Baths 6

Exterior

Lot Features Corner

Water Source Public Water

Exterior Description Vinyl Siding

Building Area Total 0

Lot Dimensions 30X100

Lot Size Acres 0.07

* Excluded Features

List By

JORGE VELASQUEZ

Listing Agent

Re/Max Professionals I

Broker

jvelasquez21@verizon.net

Affordability Calculator

$8,416

Per Month

Monthly Principal & Interest: $7,576
Monthly Property Taxes: $840
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Commerical listings in Newark, NJ

Average List Price ^$1,093,208

Percent of Sale Price 9%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/29/2026	$1,199,900		Listed Price

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83 Jay St, Newark, NJ, 07103 is a Commercial Property for sale at $1,199,900 with a lot size of 0.07. The property's zip code is 07103 which is in Newark, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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83 Jay St

Commercial Property for sale in Newark, NJ

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