83 Jay St Newark, NJ $ 999,900
83 Jay St
$ 999,900
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83 Jay St

Newark, NJ, 07103
$ 999,900
Bedrooms-- Baths--

Monthly Estimate*

$ 6,906

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Commercial Property for sale in Newark, NJ

for $999,900 with 6 half baths. The lot size is 0.07.

INVESTMENT OPPORTUNITY! Well-maintained and recently updated 6-unit multifamily property offering an appealing unit mix and income-producing potential. This investment property features two 1-bedroom, 1-bathroom apartments and four 2-bedroom, 1-bathroom apartments, providing a versatile layout for a variety of rental needs. Each unit offers two means of egress. Additional property includes a detached garage, providing valuable off-street parking and potential storage options. Recent updates add to the property's appeal for investors seeking a multifamily investment with multiple residential units and long-term rental potential. Conveniently located near public transportation, shopping, schools, and major roadways, offering accessibility to everyday amenities and surrounding areas. A great opportunity to expand an investment portfolio or explore multifamily ownership in a convenient location.

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Commercial Active

Price

$ 999,900

Half Bath

6

Property Type

Commercial

Taxes

$ 10,077

Style

Apartment Complex

Lot Size

0.07

Town/City

Newark

County/Region

Essex

MLS | Web ID

4063996

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
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Interior
Basement Unfinished
Fuel Type Gas-Natural
Total Stories 3
Half Baths 6
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Exterior
Lot Features Corner
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 0
Lot Dimensions 30X100
Lot Size Acres 0.07
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* Excluded Features
List By
JORGE VELASQUEZ

Listing Agent

Re/Max Professionals I

Broker

jvelasquez21@verizon.net

Email

Affordability Calculator

$7,746
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,906
Monthly Property Taxes
$840
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
11/10/2026$999,900 Listed Price

Map


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83 Jay St, Newark, NJ, 07103 is a Commercial Property for sale at $999,900 with a lot size of 0.07. The property's zip code is 07103 which is in Newark, NJ