NJ > Newark City
Newark City, NJ 07103,549 S Orange Ave
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Newark City, NJ 07103,549 S Orange Ave
Newark City, NJ 07103,549 S Orange Ave
Newark City, NJ 07103,549 S Orange Ave
Newark City, NJ 07103,549 S Orange Ave
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
$ 1,299,000
Est. payment /mo
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Active

549 S Orange Ave Newark City, NJ 07103

3,779 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,779 sqft

Price per Sqft $343

MLS Listing ID 3977346

Year Built 2024

Tax Year 2024

Lot Size 2,613 Sqft

Property Sub-Type Mixed Use

Property Description

Exceptional investment opportunity in the heart of Newark. This newly constructed 3-story mixed-use building features three residential units and two ground-floor commercial spaces ? a retail unit (1,132 SF) and an office unit (511 SF). All three apartments are currently leased at $2,300/month each on 3-year leases expiring in 2027, offering stable, in-place cash flow. The commercial units are presently owner-occupied on a month-to-month basis, allowing for flexible occupancy or immediate leasing upside. Both spaces will also be actively marketed for lease, making this a prime opportunity for investors, owner-users, or hybrid retail/residential operators.The property benefits from a valuable 5-year tax abatement, with reduced property taxes structured as follows: Year 1 ? 0%, Year 2 ? 20%, Year 3 ? 40%, Year 4 ? 60%, and Year 5 ? 80% of full taxes. Located along the South Orange Avenue corridor, this asset is well positioned for long-term growth with convenient access to major highways, public transportation, and Newark?s institutional and residential hubs. A rare chance to acquire a turnkey building with strong rental income and immediate commercial upside.

Location

State NJ

County Essex

Zoning C-2

Interior

Heating Gas-Natural

Cooling Central Air

Equipment Fire Alarm, Intercom, Smoke Detector, Sprinkler System

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available All Underground, Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by FLOROSTONE REALTY INC.
agent

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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549 S Orange Ave

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