948 S Orange Ave Newark, NJ $ 899,000
948 S Orange Ave
$ 899,000
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948 S Orange Ave

Newark, NJ, 07106
$ 899,000
Bedrooms-- Baths-- Sq 4,700

Monthly Estimate*

$ 6,209

948 S Orange Ave, Newark, NJ 07106 - Image 1
948 S Orange Ave, Newark, NJ 07106 - Image 2

Commercial Property for sale in Newark, NJ

for $899,000 with 5 half baths. This 4,700 square foot building was built in 1930 on a lot size of 0.03.

An outstanding investment opportunity awaits with this prime five-unit mixed-use property, offering strong, diversified revenue streams and high cash-flow potential. The building features three prominent ground-floor retail spaces alongside two spacious upper-level residential apartments, each offering a desirable two-bedroom, one-bathroom layout that easily attracts reliable, long-term tenants. With the commercial tenants responsible for paying all of their own utilities, operating overhead remains exceptionally low, allowing investors to maximize net operating income from day one. Whether you are expanding an established commercial portfolio or looking for a high-performing multi-family asset, this income producer delivers the ideal blend of tenant stability, utility-split efficiency, and long-term financial growth.

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Commercial Active

Price

$ 899,000

Half Bath

5

Property Type

Commercial

Taxes

$ 10,597

Style

MixedUse

Lot Size

0.03

Year Built

1930

Town/City

Newark

County/Region

Essex

MLS | Web ID

4056861

Features
General
Sewer Public Sewer
Construction Wood
Heating Baseboard - Electric
Cooling Window A/C(s)
Utilities Electric
Possession at closing
Roof Flat
Zoning Commercial
Year Built 1930
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District Strip Mall
County Essex
Status Active
Directions across the street from white castle. closest crass street is across south Clinton st
Number Of Units Total 5
Tax Annual Amount 10597
Drive None On-Street Parking
Leasable Area 2000
Standard Status Active
Tax Assessed Value 265000
Town # 1614
Tax Lot 4
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Interior
Basement Full Unfinished
Fuel Type Gas-Natural
Total Stories 3
Half Baths 5
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 4700
Lot Dimensions .07
Lot Size Acres 0.03
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* Excluded Features
List By
NICHOLAS T. DREJAJ

Listing Agent

Menza Realty

Broker

Affordability Calculator

$7,092
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,209
Monthly Property Taxes
$883
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/5/2026$899,000 Listed Price

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948 S Orange Ave, Newark, NJ, 07106 is a Commercial Property for sale at $899,000 with 4,700 sqft and a lot size of 0.03. 948 S Orange Ave was built in 1930. The property's zip code is 07106 which is in Newark, NJ