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.
Active
Price cut: $49K (8/1)
$650,000
113 Elizabeth Ave, Newark City, NJ 07108
6beds
3,550sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$183/sqft
$-- HOA
What's special
- 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#: 3968168

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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