Five-Unit Apartment
For Sale
$799,999
485 18th Ave, Newark, NJ 07103
Month-to-month occupancy spans four apartments and a street-level two-bedroom unit with potential commercial use subject to approvals.
Property SizeContact for details
Days on Market18
Property Features for 485 18th Ave
General Information
Standard status
Active
Property subtype
Commercial
Net Operating Income
$52,574
Financials
Cap Rate
6.58%
Gross Income
$67,200
Units
Unit Mix
1 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Listing Agency:
REAL
(908) 451-2311
Listed By:
PETER MORIELLO 908-451-2311 · License #277137
Source:
Thepaulaclarkgroup
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 30 at 6:18PM
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 REAL
Investment Insights
Based on property information with market context.
This five-unit apartment building includes four residential apartments and a street-level unit currently arranged as a two-bedroom, one-bath residence. The second and third floors each contain two one-bedroom, one-bath apartments, with living rooms and kitchens. The ground-level space may accommodate commercial use subject to applicable zoning, approvals, and permitted-use requirements.
All units are occupied on a month-to-month basis, and the property has a reported history of timely rent payments. Financial information and a rent roll are available for review, with an estimated 6.58% cap rate based on the current asking price. The property is located in Newark with access to public transportation and major roadways. Income, expenses, permitted uses, and other financial details should be independently verified by the buyer.
All units are occupied on a month-to-month basis, and the property has a reported history of timely rent payments. Financial information and a rent roll are available for review, with an estimated 6.58% cap rate based on the current asking price. The property is located in Newark with access to public transportation and major roadways. Income, expenses, permitted uses, and other financial details should be independently verified by the buyer.
Key Highlights
- Five income‑producing units: four one‑bedroom apartments plus a street‑level two‑bedroom unit
- Second and third floors each contain two 1‑bedroom, 1‑bath apartments with living rooms and kitchens
- Street‑level space is currently configured as a 2‑bedroom, 1‑bath residence
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,473
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?
Apartment building - Month-to-month occupancy spans four apartments and a street-level two-bedroom unit with potential commercial use subject to approvals.
Where is this apartment building located?
The property is located at 485 18th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Five income‑producing units: four one‑bedroom apartments plus a street‑level two‑bedroom unit; Second and third floors each contain two 1‑bedroom, 1‑bath apartments with living rooms and kitchens; Street‑level space is currently configured as a 2‑bedroom, 1‑bath residence
