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    5 Elm St, Unit 4 Newark, NJ 07102

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    For Lease
    $1,900 /Mo

    Spacious 2-bedroom apartment in downtown Newark, convenient location.

    Lot size:
    0.03 Acres

    Property Features for 5 Elm St

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1900

    Source: COLDWELL BANKER REALTY Agent MILTON ARAUJO

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

    Overview

    Downtown Newark Apartment for Rent

    Located in downtown Newark, 5 Elm St offers a spacious 2-bedroom, 1-bath apartment. The property is situated one block from City Hall and two blocks from the Prudential Center, providing access to attractions, dining, and entertainment. The unit includes a living area, two bedrooms, and a full bathroom. Newark Penn Station is within walking distance, offering connections to NYC and surrounding areas. McCarter Highway (Route 21) and I-280 are easily accessible. The property is located near restaurants, coffee shops, and local businesses, while maintaining a location on a residential street.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1713362
    Latitude
    40.730254

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    FAQs

    What type of property is this?
    Apartment building - Spacious 2-bedroom apartment in downtown Newark, convenient location.
    Where is this apartment building located?
    The property is located at 5 Elm St, Unit 4 Newark, NJ.
    What are key features of this property?
    This property features: - Prime downtown Newark location: One block from City Hall and two blocks from the Prudential Center.; - Excellent Commuting Options: Short walk to Newark Penn Station with direct access to NYC.; - Two comfortable bedrooms.
    (973) 233-2300
    Request Owner's contact information
    5 Elm St, Unit 4 Newark, NJ 07102
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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
    5 Elm St, Unit 4 Newark, NJ 07102
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