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113 Elizabeth Ave

Newark City, NJ 07108
  • $650,000
  • STATUS: Active Under Contract
  • ON SITE: 150 Days
  • MLS #: 3968165
Under Contract
UPDATED: 60 min ago
$650,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $241
    $/SQFT
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation. The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today's market. Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you're looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-07T15:49:12.313.
www.srrealestategroup.com/homes/164698482
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113 Elizabeth Ave Newark City, NJ 07108

  • Price: $650,000
  • Status: Active Under Contract
  • On Site: 150 Days
  • Updated: 60 min ago
  • MLS #: 3968165
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,700
SQFT
$241
$/SQFT
1920
Built
County:
Essex
Area:
Newark City
Property Description
This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation. The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today's market. Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you're looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.
Exterior Features

Approximate Lot Size 27.7X100 Construction Brick/Block Exterior Description Brick/Block Location Business DistrictFreestanding Lot Description Open LotWooded Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description NoneOn-Street Parking Roof Description Flat

Interior Features

Basement No Cooling No Cool Equipment Available Sign - Building Floors TileWood Heating 3 Units Max Ceiling Height 9 Max Door Height 32 Number Of Lavatories 4 Office Sq Ft 800

Property Features

Expenses Include InsuranceTaxesTrashWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 82800 Net Operating Income 66300 Owner Pays SewerTrash RemovalWater Primary Property Type MixedUse Prior Use barber and apts Property Type Mixed UseSee RemarksStore With Apartment Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 6872 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Tenant Pays ElectricGasHeat Total Operating Expense 16500 Utilities Gas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning commercial

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of BHHS FOX & ROACH: 201-463-0958.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Christie's International Real Estate Group. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Christie's International Real Estate Group are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-11-07T15:49:12.313.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901