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  • Price cut: $49K (8/1)
    $650,000

    113 Elizabeth Ave, Newark City, NJ 07108

    6beds
    3,550sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $183/sqft
    $-- HOA

    What's special

    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.
    59 days
    on Zillow
    |
    337
    |
    13
    |

    Zillow last checked: 22 hours ago

    Listing updated: July 31, 2025 at 04:50pm

    Listed by:

    Michele Chiles-hickman 201-463-0958,

    Bhhs Fox & Roach

    Source: GSMLS,MLS#: 3968168MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 113 Elizabeth Ave.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3.1
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • 4+ Units, Natural Gas
    Appliances
    • Included: Gas Water Heater
    Features
    • Rec Room, Storage, Bedrooms, Dining Room, Eat-In Kitchen, Living Room
    • Flooring: Wood
    • Basement: Yes,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 3,550
    • Total interior livable area: 3,550 sqft

    Property

    Parking
    • Parking features: On Street
    Features
    • Fencing: Metal Fence
    Lot
    • Size: 2,613.6 Square Feet
    • Dimensions: 27.7 x 100
    Details
    • Parcel number: 1614026720000000260000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Roof: Asphalt Shingle
    Condition
    • Year built: 1920

    Utilities & green energy

    • Gas: Gas-Natural
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Connected, Garbage Included

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
    Location
    • Region: Newark

    Financial & listing details

    • Price per square foot: $183/sqft
    • Tax assessed value: $180,700
    • Annual tax amount: $6,872
    • Date on market: 6/11/2025
    • Total actual rent: 6900
    • Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
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