539-541 18th Ave, Newark, NJ 07103
Local realty services provided by:Better Homes and Gardens Real Estate Green Team
539-541 18th Ave,Newark City, NJ 07103
$899,500
- 9 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: darrell bailey
Office: re/max first realty ii908-664-1500
MLS#:4011619
Source:NJ_GSMLS
Price summary
- Price:$899,500
About this home
Spacious 4 family corner property located opposite West Side Park in the desirable 07103 section of Newark. Features a 2/2/2/3 bedroom layout with 3 fully renovated 2 bedroom apartments showcasing modern kitchens, bathrooms, appliances and hardwood flooring throughout. The property is currently generating approximately $10,000 per month from the three renovated units. The remaining 3-bedroom unit requires renovation, presenting a strong value-add opportunity with projected gross income of approximately $15,000 per month once completed. Separate laundry, utilities, and mechanical units for each apartment provides efficiency and ease of management. The basement offers additional upside potential for possible conversion into two additional units (subject to municipal approval), or alternatively for laundry facilities, tenant storage, or bonus rooms to further enhance income. Ideal for investors seeking stable cash flow with future appreciation or an owner-occupant looking to offset their mortgage with rental income. Perfect for short-term rental strategy (subject to local regulations) or long-term hold. Conveniently located near the Garden State Parkway, Route 280, and major transportation routes with easy access to NJ Transit, Newark Penn Station, Newark Liberty International Airport, NJPAC, The Newark Museum of Art, Rutgers University, University Hospital, and NJIT. This building may qualify for a grant to assist with down payment or closing costs via our approved lenders....
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Home facts
- Year built:1930
- Listing ID #:4011619
- Added:98 day(s) ago
- Updated:June 05, 2026 at 08:37 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:17
- Basement Description:Basement, Unfinished, Walkout
Heating and cooling
- Cooling:4 Units
- Heating:4+ Units, Radiators - Steam
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1930
- Lot area:0.07 Acres
- Lot Features:Level Lot
- Architectural Style:Fourplex
- Construction Materials:Aluminum Siding, Brick
- Exterior Features:Metal Fence
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$899,500
- Tax amount:$11,679 (2024)
Features and amenities
- Amenities:All Utilities Underground, Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Intercom, Security System, Smoke Detector, Tile Floors, Wood Floors
Parking
- Parking description:1 Car Width
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