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    575 N 6Th St, Unit 4 Newark, NJ 07107

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    For Sale
    $799,000

    Income-producing four-unit property with commercial potential in Newark's North Ward.

    Lot size:
    0.06 Acres

    Property Features for 575 N 6Th St

    General Information

    Lot size
    0.06 Acres

    Source: DIAS & ASSOCIATES REALTY Agent ESTHER GUERRA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Four-Unit Income Property

    Located in Newark's North Ward, this four-unit property offers income-generating potential. The property includes a ground-floor unit that presents an opportunity for commercial use. Currently fully occupied, the property provides immediate cash flow. The first-floor tenant will soon vacate, offering the option to convert the space into a commercial space or maintain it as a residential unit. The property is situated near light rail and NJ Transit bus lines, with Newark Penn Station nearby. The location benefits from high foot and vehicle traffic, providing visibility and accessibility for renters and customers. It is zoned C-1 (Commercial-neighborhood). One of the units is located in the rear of the property. This property is suitable for investors or owner-occupiers looking to reside in one unit and rent out the others.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -74.1815905
    Latitude
    40.768834

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    FAQs

    What type of property is this?
    Quadplex - Income-producing four-unit property with commercial potential in Newark's North Ward.
    Where is this quadplex located?
    The property is located at 575 N 6Th St, Unit 4 Newark, NJ.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Income-producing four-unit property, currently fully occupied; - Ground-floor unit with commercial potential due to **C-1 zoning**; - **Excellent location** near light rail, NJ Transit bus lines, and Newark Penn Station
    (973) 751-1552
    Request Owner's contact information
    575 N 6Th St, Unit 4 Newark, NJ 07107
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    Newark, NJ 07107
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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
    575 N 6Th St, Unit 4 Newark, NJ 07107
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