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$1,350,000
221 Sussex Ave, Newark City, NJ, 07103
6
Baths
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.
Offered By
RE/MAX PROFESSIONALS I
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
MixedUse
MLS #
4030367
Bathrooms (Half)
6
Heating
Forced Hot Air
Cooling
No Cool
Utility Features
Electric, Gas-Natural
SEWER
Public Sewer
WATER SOURCE
Public Water
Year Built
1950
Roof
Flat
EXTERIOR FEATURES
See Remarks
Parking Features
None
CITY
Newark City
COUNTY
Essex
STATE
NJ
TAX AMOUNT
13679.0
LATEST UPDATE
2026-05-27T22:00:57.037Z
PRICE CHANGE(S)
$1,350,000 May 27, 2026
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
MixedUse
MLS #
4030367
Bathrooms (Half)
6
New Properties On Market
83
69%
Increase In New Listings
Average Asking Price
$430,708
$21,235 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$233
$111 Increase In List Price/Sq. Ft.
Average Days On Market
3
19 Day
Decrease In Days On Market
Data as of Jun 03, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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Loan Type
Down Payment
HOA Dues
Interest Rate
Estimated Property Taxes
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