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Six-Unit Apartment Building
For Sale
$790,000

524 Mulberry St, Newark, NJ 07114

Brick and vinyl multifamily property with separate living spaces, finished studios, central heating and cooling, and transit access.

Property SizeContact for details
Days on Market19

Property Features for 524 Mulberry St

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1904
Listing Agency: THE REAL ESTATE COMPANY
Listed By: NEVILLE PARMAR · License #398060
Source: Luminancerealty
Added: Aug 16 Changed: Aug 28 Last Checked: Sep 1 at 9:10PM

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 THE REAL ESTATE COMPANY

Investment Insights

Based on property information with market context.

Built in 1904, this multifamily property contains 5,139 square feet arranged across three independent units, along with a finished basement holding three studio units. Each basement studio includes a kitchen and bathroom, creating a six-unit configuration. Hardwood flooring serves the living and bedroom areas, while kitchens and bathrooms feature ceramic tile. Bay windows bring natural light into the interiors.

The property is located at 524 Mulberry St in Newark City, New Jersey, near major highways, public transit, and shopping. Exterior construction includes brick and vinyl siding, with an asphalt shingle roof. Central gas heat and air conditioning serve the building.

Key Highlights

  • 5,139 square feet across three main units plus three basement studios
  • Finished basement with 3 studio units, each with a kitchen and bathroom
  • Six‑unit configuration with separate living spaces

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Nursing Home Tanning Salon Pet Grooming Service Clothing & Fashion Store (Bike/Boat/Book/etc) Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,615
Businesses Nearby

Demographics for 07114, NJ

17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Brick and vinyl multifamily property with separate living spaces, finished studios, central heating and cooling, and transit access.
Where is this apartment building located?
The property is located at 524 Mulberry St Newark, NJ.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 5,139 square feet across three main units plus three basement studios; Finished basement with 3 studio units, each with a kitchen and bathroom; Six‑unit configuration with separate living spaces
More about this property
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