8-Unit Multifamily Income
42-46 Smith St Newark, NJ 07106
For Sale
$800,000
Fully occupied 8-unit multifamily property on an oversized lot with month-to-month tenancies.
Lot Size0.17 Acres
Days on Market115
Property Features for 42-46 Smith St
General Information
- Standard status
- Active
- Lot size
- 0.17 Acres
- Property subtype
- MultiFamily Apartments
Listing Agency:
eXp Commercial
(212) 470-0058
Listed By:
Minhaj Hussain · License #10401314406
(212) 470-0058
Source:
Thebrokerlist
Added: Apr 1
Changed: Jul 23
Last Checked: Jul 23 at 7:50AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This well-located 8-unit multifamily property consists of a relatively low existing footprint on an oversized 75’ x 100’ lot. The building is fully occupied with month-to-month tenancies.
Situated in Newark, the property is described as having access to major transportation corridors. The listing notes flexibility for repositioning and the opportunity to pursue targeted renovations and operational optimization.
For buyers seeking an in-place income asset, this property combines current occupancy with potential for future value enhancement, subject to applicable zoning.
Situated in Newark, the property is described as having access to major transportation corridors. The listing notes flexibility for repositioning and the opportunity to pursue targeted renovations and operational optimization.
For buyers seeking an in-place income asset, this property combines current occupancy with potential for future value enhancement, subject to applicable zoning.
Key Highlights
- Fully occupied 8‑unit multifamily property with month‑to‑month tenancies
- Oversized 75’ x 100’ lot with excess land for potential future expansion or redevelopment (subject to zoning)
- 8‑unit multifamily asset offers in‑place income with upside through renovations and operational optimization
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully occupied 8-unit multifamily property on an oversized lot with month-to-month tenancies.
Where is this apartment building located?
The property is located at 42-46 Smith St Newark, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully occupied 8‑unit multifamily property with month‑to‑month tenancies; Oversized 75’ x 100’ lot with excess land for potential future expansion or redevelopment (subject to zoning); 8‑unit multifamily asset offers in‑place income with upside through renovations and operational optimization
