AgentLogo

526 Market St

Newark City, NJ 07105

MLS#: 4049482

$990,000

Status: Active
Listing number: 4049482
Listing provided by: WEICHERT REALTORS
Listing agent phone: None
Last update: 7 days ago
On site: 7 days ago
Browse Properties
Ironbound - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

4,032

Well-maintained 6-family building in Newark's highly desirable Ironbound section. Incredible location with maximum rental demand, perfect for any portfolio. Fully occupied property consists of four 1BR/1BA units and two 2BR/1BA units. All layouts feature a functional living room and eat-in kitchen.Separate utilities with gas heat. Basement includes coin-operated washer and dryer for extra income/tenant convenience. Short distance to Newark Penn Station, Harrison PATH, shopping, dining, Riverfront Park, Red Bull Arena, and the Prudential Center.Most tenants are on month-to-month agreements; one lease expires in December. Property passed DSC. Sold strictly AS-IS. Buyer is responsible for the Certificate of Occupancy (C/O) and Fire Certificate.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Baseboard, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding, Wood Siding

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.06

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $990,000

  • Tax Amount

    $11,805

  • Zoning

    mixed

  • Sq. Footage

    4,032

  • Price/SqFt

    $245

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Essex

Elementary School

Middle School

High School

Listing Courtesy of None, WEICHERT REALTORS

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Patrick Bolger

FOUNDER

Patrick Bolger

Call Patrick today to schedule a private showing.

(973) 945-9979

patrickbolger@kw.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Well-maintained 6-family building in Newark's highly desirable Ironbound section. Incredible location with maximum rental demand, perfect for any portfolio. Fully occupied property consists of four 1BR/1BA units and two 2BR/1BA units. All layouts feature a functional living room and eat-in kitchen.Separate utilities with gas heat. Basement includes coin-operated washer and dryer for extra income/tenant convenience. Short distance to Newark Penn Station, Harrison PATH, shopping, dining, Riverfront Park, Red Bull Arena, and the Prudential Center.Most tenants are on month-to-month agreements; one lease expires in December. Property passed DSC. Sold strictly AS-IS. Buyer is responsible for the Certificate of Occupancy (C/O) and Fire Certificate.

526 Market St

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by KW Metropolitan via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

New on site 2 days ago
Excellent mixed-use investment opportunity located in the heart of Newark?s thriving North Ward business district. This property features an approximately 1,800-square-foot retail storefront and two residential apartments, providing excellent income-producing potential. Ideally situated near NYC transportation, shopping centers, restaurants, and other local amenities, this property is perfect for investors or owner-occupants seeking a prime location with multiple revenue streams.
#4050392

Newark City

674 Mount Prospect Ave

None Beds

None Baths

3,500 Sq.Ft.

$950,000

MLS#: 4050392

New on site 4 days ago
LEGENDARY NEWARK COOPER'S -BUILDING -BUSINESS- AND LIQUOR LICENSE INCLUDED. A rare investment opportunity offered at a $1,000,000. Own a piece of Newark's history with this legendary sandwich establishment, located in the heart of one of the city's most exciting redevelopment areas. This unique opportunity includes the building, a well established business and liquor license- offering an investor or owner- operator the chance to acquire not only a well-known local establishment, but also the real estate itself. Positioned in a rapidly evolving area of Newark with major redevelopment, activity, convenient access to public transportation, and increasing investment throughout the surrounding neighborhood this property offers tremendous potential for the future. This establishment has a long- standing reputation and recognizable presence in the community, making it ideal opportunity for someone looking to continue a beloved Newark tradition while benefiting from the areas on going transformation, LOW TAXES LOW TAXES
#4050026

Newark City

594 Orange St

None Beds

None Baths

3,942 Sq.Ft.

$1,000,000

MLS#: 4050026

Mixed-use investment opportunity featuring five income-producing units. The street-level unit is currently configured and occupied as a 2-bedroom, 1-bath unit, with potential commercial use subject to applicable zoning, approvals, and permitted use. The second and third floors each contain two 1-bedroom, 1-bath apartments with living room and kitchen, for a total of four residential units. All units are currently month-to-month with a history of timely rent payments. Current monthly gross income is $5,600, totaling $67,200 annually. Reported annual operating expenses are $14,626, resulting in NOI of $52,574 and an estimated 6.58% cap rate based on the current asking price. Convenient Newark location with access to public transportation and major roadways. Rent roll and financial information available for review. All income, expenses, permitted uses and financial information to be independently verified by buyer.
#4047292

Newark City

485 18Th Ave

None Beds

None Baths

1,800 Sq.Ft.

$799,999

MLS#: 4047292

Rare mixed-use investment opportunity on high-traffic S Orange Avenue in Newark's established West Side corridor.This well-maintained brick building offers two street-level commercial spaces plus four residential units ideal for anowner-user or pure income investor. Kitchens and baths updated within the last 10 years. Additional storage inbasement and private paved backyard. Separate utilities. Gross monthly income of $10,700. Priced at a compelling8.0% cap rate one of the strongest going-in yields available in Essex County today. Minutes to downtown Newark,NJ Transit, and major highways. REO (bank-owned) property. Seller is in the process of securing access to all units. All offers accepted subject tofull physical inspection contingency, to be scheduled once interior access is obtained. Buyer's due diligenceperiod commences upon written confirmation of unit access. Property sold strictly AS-IS. Seller will make norepairs. All income figures must be independently verified by Buyer. Proof of funds or pre-qualification requiredprior to showing. Do not disturb tenants.
#4043437

Newark City

304 S Orange Ave

None Beds

None Baths

3,484 Sq.Ft.

$990,000

MLS#: 4043437

Exceptional mixed use investment completed in 2024 with a 5 year tax abatement in place beginning in 2025. An outstanding opportunity for investors or business owners seeking a turnkey asset with long term value. Ground floor offers approximately 2,394 square feet of commercial space with extra high ceilings, expansive open areas, bar seating, a commercial kitchen, and multiple restrooms. Constructed across the full lot under grandfathered conditions, the space lends itself to a variety of permitted uses including restaurant, private event venue, office, medical, or professional services. The upper residence spans two levels and features 6 bedrooms, 2.5 baths, a spacious living area, and a large kitchen, making it ideal for owner occupancy, employee housing, or additional rental income. Built with modern systems throughout, the property includes HVAC, washer and dryer hookups, and a full sprinkler system. Schedule your viewing today
#4040638

Newark City

52 Holland St

None Beds

None Baths

4,364 Sq.Ft.

$850,000

MLS#: 4040638

Newark Ironbound, Investment opportunity 3 story 6 family building in fair condition. All 6 units have 2-bedrooms, potential to improve income making it a solid turnkey opportunity for investors seeking immediate cash flow with minimal upfront improvements, long-term tenants and support stable occupancy. Conveniently located near major highways, public transportation, schools, and local amenities. Positioned in a growing Newark market with continued redevelopment and upside potential.
#4038462

Newark City

41 Lentz Ave

None Beds

None Baths

3,600 Sq.Ft.

$1,100,000

MLS#: 4038462

Prime North Newark mixed-use opportunity! Established dry cleaning business with over 20 years of success, plus a spacious 3-bedroom apartment upstairs. Features a finished basement, 7 parking spaces, and endless potential to own your business while living upstairs or generating rental income. Sold AS IS. Financials available to qualified buyers. Bring your offer!
#4037473

Newark City

70 Park Ave

None Beds

None Baths

2,300 Sq.Ft.

$850,000

MLS#: 4037473

Exceptional Investment Opportunity in Newark's Highly Sought-After Ironbound Section! This well-maintained 5-unit apartment building offers an outstanding opportunity for investors seeking strong rental demand and long-term appreciation. Located in one of Newark's most vibrant and desirable neighborhoods, this income-producing property features five residential apartments on a 30' x 100' lot. The building offers gas hot water baseboard heat, public water and sewer, and durable aluminum siding. Ideally situated just minutes from Newark Penn Station, major highways, restaurants, shopping, schools, parks, and the neighborhood's renowned Portuguese and Spanish dining scene, this property is perfectly positioned to attract quality tenants. The Ironbound continues to be one of Northern New Jersey's most sought-after rental markets, making this an excellent addition to any investment portfolio. Property is being sold as-is. Buyer is responsible for obtaining any required municipal certificates and completing their own due diligence.
#4037379

Newark City

139 Elm St

None Beds

None Baths

9,999 Sq.Ft.

$1,170,000

MLS#: 4037379

Turnkey mixed-use investment opportunity. This fully renovated building offers an excellent location with strong income potential. The property features four units, including two street-level commercial space. and two residential apartments, tenant ready. Ideal for investors seeking immediate cash flow, this well-maintained property combines stability with upside. The commercial unit provides established tenancy, while the residential units offer flexibility for rental income or owner occupancy. Conveniently located near major transportation, shopping, and local amenities, this is an exceptional opportunity to own a high-performing asset in a growing area. Don't miss your chance to secure a solid investment schedule a viewing today.
#4027534

Newark City

347 Avon Ave

None Beds

None Baths

N/A

$950,000

MLS#: 4027534

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by KW Metropolitan via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by KW Metropolitan via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service