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Six-Unit Mixed-Use Property
For Sale
$1,750,000

156 Jefferson St, Newark, NJ 07105

Corner asset combines six residential units with a long-established storefront business in Newark’s Ironbound district.

Property Size99,999 SF
Days on Market16

Property Features for 156 Jefferson St

General Information

Standard status Active
Size 99,999 SF
Property subtype Commercial

Units

Unit Mix 5 x 3BR, 1 x 1BR w/ den
Multifamily Units 6

Additional Details

Corner Location Yes

Taxes and HOA fees

Annual Taxes $17,519

Building Details

Building Size 99,999 SF
Year Built 9999
Stories 3
Units 6
Listing Agency: Exit Realty Lucky Associates
Listed By: MARILENE OLIVEIRA
Source: Elliman
Added: Aug 14 Changed: Aug 22 Last Checked: Aug 29 at 10:54AM

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 Exit Realty Lucky Associates

Investment Insights

Based on property information with market context.

This corner mixed-use property includes six residential units and one storefront business that has operated at the site for many years. Five apartments feature three bedrooms, one recreation room, a living room, and an eat-in kitchen. The remaining residence offers one bedroom, a den, a living room, and an eat-in kitchen.

Located in Newark’s Ironbound district, the property scores 93 for walkability, 83 for transit access, and 55 for bikeability. The combination of residential apartments and commercial storefront space creates a multi-component property with both housing and retail elements.

Key Highlights

  • Six residential units plus one storefront business
  • Five units offer 3 bedrooms, 1 rec room, living room, and eat‑in kitchen
  • One unit includes 1 bedroom, den, living room, and eat‑in kitchen

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Buffet Tanning Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,639
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner asset combines six residential units with a long-established storefront business in Newark’s Ironbound district.
Where is this mixed-use property located?
The property is located at 156 Jefferson St Newark, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Six residential units plus one storefront business; Five units offer 3 bedrooms, 1 rec room, living room, and eat‑in kitchen; One unit includes 1 bedroom, den, living room, and eat‑in kitchen
More about this property
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