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Renovated Four-Unit Mixed-Use Building
For Sale
$950,000

347 Avon Ave, Newark, NJ 07108

Street-level commercial space is paired with residential apartments in a tenant-ready configuration.

Property SizeContact for details
Days on Market49

Property Features for 347 Avon Ave

General Information

Standard status Active

Additional Details

Multifamily Units 2

Building Details

Year Built 9999
Buildings 1
Tenancy Multi
Listing Agency: BURGOS REALTY COMPANY
Listed By: JOSEPH BURGOS · License #247609
Source: Goldstandardrealty
Added: Jul 12 Changed: Aug 29 Last Checked: Aug 28 at 6:54AM

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 BURGOS REALTY COMPANY

Investment Insights

Based on property information with market context.

Located at 347 Avon Ave in Newark, New Jersey, this renovated mixed-use building contains four units arranged for both commercial and residential occupancy. The property includes two street-level commercial spaces and two residential apartments, creating a distinct combination of storefront and housing components within one building.

The commercial portion includes an established tenancy, while the apartments can support rental occupancy or owner use. The building is described as well maintained and tenant ready, with access to major transportation, shopping, and local amenities in the surrounding area.

Key Highlights

  • Four‑unit mixed‑use building with commercial and residential components
  • Two street‑level commercial spaces
  • Two residential apartments

Property Analytics

Current Use

123 Air Heating ... Hardware & Home Improvement Lewis' Deli & Catering Food Market

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Carpet & Flooring Store

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,417
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Mixed-use property - Street-level commercial space is paired with residential apartments in a tenant-ready configuration.
Where is this mixed-use property located?
The property is located at 347 Avon Ave Newark, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building with commercial and residential components; Two street‑level commercial spaces; Two residential apartments
More about this property
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