358-360 S Orange Ave - Apartments FOR SALE


Newark, NJ 07103- West Side
$1,300,000 USD
973-771-5170
358-360 S Orange Ave, Newark, NJ for Sale
$1,300,000 USD
Apartments - FOR SALE
1/11
null | 6% Cap Rate

358-360 S Orange Ave
Newark, NJ 07103
West Side


HIGHLIGHTS

  • Located along South Orange Avenue, a well-established multifamily corridor with strong residential demand.
  • The area offers convenient access to transit, major roadways, and Downtown Newark.
  • Surrounded by universities, medical centers, retail, and neighborhood amenities.
  • Positioned within a market benefiting from continued investment and long-term growth drivers.

OVERVIEW

Well-located 8-unit mixed-use property featuring 6 residential apartments and 2 retail spaces in a high-visibility Newark corridor. The asset includes 5 occupied units generating current income, along with 3 oversized vacant apartments (two 4-bedrooms and one 3-bedroom). These units are fully renovated and ready for immediate lease-up, presenting a clear path to increased cash flow. The property offers an ideal blend of stability and upside—in-place income from existing tenants, combined with significant value-add through leasing large-format units that are in strong demand in today’s market. A compelling opportunity for investors seeking a partially stabilized asset with immediate execution and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

6%

% LEASED

63%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C-2

APN/PARCEL ID

14-00267-0000-00012-02

ASK ABOUT THIS PROPERTY

Sam ErekeosimaMIG Real EstateMore Info
973-771-5170

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Sam ErekeosimaMIG Real EstateMore Info
973-771-5170

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.