487-489 18th Ave - Apartments FOR SALE


Newark, NJ 07103- West Side
$1,650,000 USD
201-215-1811
487-489 18th Ave, Newark, NJ for Sale
$1,650,000 USD
Apartments - FOR SALE
1/6
null | 7.46% Cap Rate

487-489 18th Ave
Newark, NJ 07103
West Side


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Nearby Higher Education
  • Separately Metered Utilities
  • Durable Brick Construction
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 487-489 18th Ave in Newark, NJ (the “Property”). The three-story building contains seven (7) 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units, situated upon a 0.06-acre parcel and features on-street parking. 487–489 18th Avenue is strategically located in Newark’s West Side, offering strong access to neighborhood retail corridors, local employment centers, and dense surrounding residential communities. The property benefits from convenient connectivity to major thoroughfares including South Orange Avenue and Springfield Avenue, with direct access to Interstate 280 and the Garden State Parkway, providing efficient regional connectivity throughout Essex County and into New York City.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

9

PRICE/UNIT

$183,333

CAP RATE

7.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

487-489 18th Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,770 SF

ZONING

-

APN/PARCEL ID

14-00314-0000-00016

ASK ABOUT THIS PROPERTY

Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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Mike AgrifolioHorvath & TremblayMore Info
201-215-1811

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