Mixed-Use Asset with Income
For Sale
$1,300,000
Pending
358 S Orange Ave, Newark, NJ 07103
Income-producing property with residential and retail units in Newark, NJ.
Property Size8,000 SF
Days on Market143
Property Features for 358 S Orange Ave
General Information
Standard status
Pending
Size
8,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$42,489
Amenities
Central air
4+ Units Heating
Flat Roof
Forced Hot Air Heating
Wall A/C Unit(s) Cooling
Listing Agency:
MIG REAL ESTATE
(973) 771-5170
Listed By:
OWANATE EREKEOSIMA · License #305059
Source:
Corcoran
Added: Apr 13
Changed: Aug 27
Last Checked: Aug 14 at 6:06AM
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 MIG REAL ESTATE
Investment Insights
Based on property information with market context.
This income-producing mixed-use asset features 6 residential units and 2 street-level retail spaces situated on a high-traffic corridor. The property benefits from strong in-place cash flow, with additional upside potential through lease-up and rent optimization. Select units offer below-market rents and vacancy, presenting a value-add opportunity for strategic repositioning. The efficient layout and separate utilities support streamlined operations and expense control. Retail frontage provides visibility and a diversified income stream. Located near major transportation, public transit, and neighborhood amenities, the property experiences consistent rental demand. The property is 8000 square feet. This asset is ideal for investors seeking a stabilized asset with near-term upside potential in a growing urban market.
Key Highlights
- Strong in‑place cash flow with additional upside through lease‑up and rent optimization.
- Income‑producing mixed‑use asset with 6 residential units and 2 street‑level retail spaces.
- Value‑add opportunity with below‑market rents and vacancy allowing for strategic repositioning.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property with residential and retail units in Newark, NJ.
Where is this mixed-use property located?
The property is located at 358 S Orange Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Strong in‑place cash flow with additional upside through lease‑up and rent optimization.; Income‑producing mixed‑use asset with 6 residential units and 2 street‑level retail spaces.; Value‑add opportunity with below‑market rents and vacancy allowing for strategic repositioning.
