Mixed-Use Property with Commercial
For Sale
$1,350,000
221 Sussex Ave #., Newark, NJ 07103
The building combines four residential units with a ground-floor business space under mixed-use zoning.
Property SizeContact for details
Days on Market152
Property Features for 221 Sussex Ave #.
General Information
Standard status
Active
Property subtype
Commercial
Zoning
Mix
Site & Location
Neighborhood
University Heights
Additional Details
Multifamily Units
4
Building Details
Year Built
1950
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
Re/Max Professionals I
Listed By:
Jorge Velasquez · License #259491
(973) 450-4000
Source:
Cammarotarealestate
Added: May 27
Changed: Oct 22
Last Checked: Oct 22 at 2:38PM
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 Re/Max Professionals I
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Investment Insights
Based on property information with market context.
At 221 Sussex Avenue, this mixed-use property contains four residential units above a ground-floor commercial space. The building dates to 1950 and is identified with mixed zoning, supporting its residential and commercial configuration.
The property is in Newark’s University Heights neighborhood, with public transportation and major highways nearby. Universities, downtown Newark, and redevelopment projects are also cited in the surrounding area.
The neighboring property at 219 Sussex Avenue is also available, and the seller prefers a package sale of both side-by-side properties.
The property is in Newark’s University Heights neighborhood, with public transportation and major highways nearby. Universities, downtown Newark, and redevelopment projects are also cited in the surrounding area.
The neighboring property at 219 Sussex Avenue is also available, and the seller prefers a package sale of both side-by-side properties.
Key Highlights
- Four residential units and one ground‑floor commercial space
- Built in 1950
- Mixed zoning
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,087
Businesses Nearby
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Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines four residential units with a ground-floor business space under mixed-use zoning.
Where is this mixed-use property located?
The property is located at 221 Sussex Ave #. Newark, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four residential units and one ground‑floor commercial space; Built in 1950; Mixed zoning
