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$1,300,000
358-360 S Orange Ave, Newark City, NJ, 07103
8
Baths
8,000
Square Feet
Income-producing mixed-use asset featuring 6 residential units and 2 street-level retail spaces on a high-traffic corridor. Strong in-place cash flow with additional upside through lease-up and rent optimization. Value-add opportunity with select units offering below-market rents and vacancy allowing for strategic repositioning.Efficient layout with separate utilities supports streamlined operations and expense control. Retail frontage provides visibility and diversified income stream.Located near major transportation, public transit, and neighborhood amenities, supporting consistent rental demand. Ideal for investors seeking a stabilized asset with near-term upside potential in a growing urban market.
Offered By
MIG REAL ESTATE
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
MixedUse
Square Feet
8,000
MLS #
4020133
Bathrooms (Half)
8
Heating
4+ Units, Forced Hot Air
Cooling
Window A/C(s)
Utility Features
Electric, Gas-Natural
SEWER
Public Available
WATER SOURCE
Public Water
Basement
Unfinished
Roof
Flat
EXTERIOR FEATURES
Brick/Block
Parking Features
None
CITY
Newark City
COUNTY
Essex
STATE
NJ
TAX AMOUNT
42489.0
LATEST UPDATE
2026-05-25T01:10:24.238Z
PRICE CHANGE(S)
$1,300,000 Apr 13, 2026
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
MixedUse
Square Feet
8,000
MLS #
4020133
Bathrooms (Half)
8
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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