858-860 S 18th St - Apartments FOR SALE


Newark, NJ 07108- Upper Clinton Hill
$1,600,000 USD
201-215-1811
858-860 S 18th St, Newark, NJ for Sale
$1,600,000 USD
Apartments - FOR SALE
1/8
null | 7.95% Cap Rate

858-860 S 18th St
Newark, NJ 07108
Upper Clinton Hill


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Recent Upgrades & Renovations
  • Separately Metered Utilities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 858-860 S 18th Street in Newark, NJ (the “Property”). The multi-story building contains six (6) total units comprised of three (3) 4-Bedroom/2-Bathroom units and three (3) 3-Bedroom/2-Bathroom units situated upon a 0.11-acre parcel and offers on-street parking. 858 S 18th Street is strategically positioned in Newark’s West Ward, offering strong neighborhood visibility and convenient access to major transportation corridors. The property benefits from proximity to South Orange Avenue and Springfield Avenue, providing seamless connectivity to surrounding residential districts and local commercial amenities. Quick access to the Garden State Parkway, I-78, and Route 21 ensures efficient regional travel to Downtown Newark, Jersey City, and the broader New York Metropolitan Area. Nearby retail, public transit options, schools, and community services further support livability and enhance long-term tenant demand.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,667

CAP RATE

7.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

858-860 S 18th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

14-03013-0000-00096

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.