8-Unit Multifamily Income
For Sale
$800,000
42-46 Smith St, Newark, NJ 07106
Fully occupied 8-unit multifamily property on an oversized lot with month-to-month tenancies.
Property Size9,000 SF
Lot Size0.17 Acres
Days on Market142
Property Features for 42-46 Smith St
General Information
Standard status
Active
Size
9,000 SF
Lot size
0.17 Acres
Property subtype
MultiFamily Apartments
Occupancy
100%
Additional Details
Multifamily Units
8
Building Details
Building Size
9,000 SF
Tenancy
Multi
Listing Agency:
eXp Commercial
(212) 470-0058
Listed By:
Minhaj Hussain · License ##10401314406
(212) 470-0058
Source:
Thebrokerlist
Added: Apr 1
Changed: Aug 16
Last Checked: Jul 23 at 7:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
This well-located 8-unit multifamily property consists of a relatively low existing footprint on an oversized 75’ x 100’ lot. The building is fully occupied with month-to-month tenancies.
Situated in Newark, the property is described as having access to major transportation corridors. The listing notes flexibility for repositioning and the opportunity to pursue targeted renovations and operational optimization.
For buyers seeking an in-place income asset, this property combines current occupancy with potential for future value enhancement, subject to applicable zoning.
Situated in Newark, the property is described as having access to major transportation corridors. The listing notes flexibility for repositioning and the opportunity to pursue targeted renovations and operational optimization.
For buyers seeking an in-place income asset, this property combines current occupancy with potential for future value enhancement, subject to applicable zoning.
Key Highlights
- Fully occupied 8‑unit multifamily property with month‑to‑month tenancies
- Oversized 75’ x 100’ lot with excess land for potential future expansion or redevelopment (subject to zoning)
- 8‑unit multifamily asset offers in‑place income with upside through renovations and operational optimization
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 8-unit multifamily property on an oversized lot with month-to-month tenancies.
Where is this apartment building located?
The property is located at 42-46 Smith St Newark, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully occupied 8‑unit multifamily property with month‑to‑month tenancies; Oversized 75’ x 100’ lot with excess land for potential future expansion or redevelopment (subject to zoning); 8‑unit multifamily asset offers in‑place income with upside through renovations and operational optimization
