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    50 Blum St Newark, NJ 07103

    Picture of Land at Blum St 50, Newark, NJ
    Pending
    For Sale
    $260,000

    2-Two Story, See Remarks, Multi-Family - Newark City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 9 at 2:06 am

    Property Features for 50 Blum St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room, Master Bedroom
    Bedrooms
    5
    Bathrooms
    3
    Basement Y/N
    1
    Lot size
    0.06 Acres

    Building Details

    Year built
    1910
    Number of units
    2
    Roof type
    Asphalt, See Remarks, Shingle
    Architectural style
    Other

    Terrie O'Connor Realtors (201) 334-5730 [email protected]

    Listing agent NELSON FELIX (201) 334-5730

    Listing date Nov 14, 2025

    MLS# 3992419 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark City Redevelopment Opportunity

    Located in Newark City, the property at 50 Blum Street presents a redevelopment opportunity. The property is offered strictly in as-is condition. Situated on a 25 ft x 100 ft lot, the site is suitable for redevelopment or new construction. The existing structure requires full renovation or removal. This property is suited for developers, builders, or investors. It offers potential for multifamily or custom new build, subject to approvals. The location provides easy access to transportation, schools, and shopping. The area has strong rental demand. All highest and best offers are due by 5:00 PM on October 28, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.20246
    Latitude
    40.73373

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    FAQs

    What type of property is this?
    Land - Redevelopment opportunity in Newark City, sold as-is, prime location.
    Where is this land located?
    The property is located at 50 Blum St Newark, NJ.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: - Prime location with easy access to transportation, schools, and shopping; - Outstanding potential for redevelopment or new construction on a 25 x 100 lot; - Excellent opportunity for multifamily or custom new build (subject to approvals)
    (201) 334-5730
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    50 Blum St Newark, NJ 07103
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    Newark, NJ 07103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Blum St Newark, NJ 07103
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