Mixed-Use Six-Unit
221 SUSSEX AVE Unit . Newark, NJ 07103
221 SUSSEX AVE Unit ., Newark, NJ, 07103
$1,350,000
For Sale
$1,350,000
Six-unit mixed-use building with four apartments and a commercial storefront for combined residential and retail income.
Days on Market68
Property Features for 221 SUSSEX AVE Unit .
General Information
- Standard status
- Active
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing Agency
RE/MAX PROFESSIONALS I
(973) 450-4000
Listed by
JORGE VELASQUEZ · License #446388
Source
Xome
Added: May 11 Checked: Jul 16 at 6:06 am
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
Investment Insights
Based on property information with market context.
221 Sussex Ave is a mixed-use property totaling six units, with four residential apartments and a commercial storefront included within the building. The configuration supports both living and commercial use under one ownership, offering a straightforward structure for income-focused investors.
The property is located just steps from University Heights in Newark, NJ. Public remarks also note the building is positioned adjacent to 219 Sussex Ave, which may be relevant for investors seeking to consolidate holdings in the same corridor.
For buyers evaluating tenanting and operations, the mix of residential units and a storefront can provide flexibility when compared to single-use assets. This setup may appeal to investors looking to manage multiple revenue streams within one property while keeping the building as a single acquisition. Prospective buyers and brokers should review the unit mix details, current tenancy status, and lease terms to confirm how the six-unit structure is allocated across the apartments and commercial space.
The property is located just steps from University Heights in Newark, NJ. Public remarks also note the building is positioned adjacent to 219 Sussex Ave, which may be relevant for investors seeking to consolidate holdings in the same corridor.
For buyers evaluating tenanting and operations, the mix of residential units and a storefront can provide flexibility when compared to single-use assets. This setup may appeal to investors looking to manage multiple revenue streams within one property while keeping the building as a single acquisition. Prospective buyers and brokers should review the unit mix details, current tenancy status, and lease terms to confirm how the six-unit structure is allocated across the apartments and commercial space.
Key Highlights
- Six‑unit mixed‑use building with four residential apartments and one commercial storefront
- Flat roof
- Zoning: Mix
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Six-unit mixed-use building with four apartments and a commercial storefront for combined residential and retail income.
Where is this storefront property located?
The property is located at 221 SUSSEX AVE Unit . 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: Six‑unit mixed‑use building with four residential apartments and one commercial storefront; Flat roof; Zoning: Mix
