Four-Unit Multifamily
For Sale
Contact for pricing
Pending
539-541 18th Avenue, Newark, NJ 07103
Three apartments feature renovated interiors, while the remaining residence requires renovation for future repositioning.
Property SizeContact for details
Days on Market39
Property Features for 539-541 18th Avenue
General Information
Standard status
Pending
Property subtype
Multi Family 2-4 Units
Property Condition
Severity
Repairs Needed
Evidence
requires renovation
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR, 1 x 3BR
Multifamily Units
4
Additional Details
Gross Income
$120,000
Building Details
Buildings
1
Listing Agency:
RE/MAX First Realty II
(862) 283-1281
Listed By:
Darrell Bailey · License #292273
(862) 283-1281
Source:
Capmarkrealty
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 6:53PM
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 RE/MAX First Realty II
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes a 2/2/2/3 bedroom configuration. Three of the apartments have been renovated with updated kitchens, bathrooms, appliances, and hardwood flooring. The fourth unit contains three bedrooms and requires renovation. Each apartment has separate laundry, utility, and mechanical components, supporting distinct unit operations.
The basement provides additional space that could potentially be converted into two units, subject to municipal approval. Alternative uses identified for the area include laundry facilities, tenant storage, or bonus rooms. The property sits across from West Side Park in Newark’s 07103 section, with access to the Garden State Parkway, Route 280, NJ Transit, Newark Penn Station, Newark Liberty International Airport, NJPAC, The Newark Museum of Art, Rutgers University, University Hospital, and NJIT.
The basement provides additional space that could potentially be converted into two units, subject to municipal approval. Alternative uses identified for the area include laundry facilities, tenant storage, or bonus rooms. The property sits across from West Side Park in Newark’s 07103 section, with access to the Garden State Parkway, Route 280, NJ Transit, Newark Penn Station, Newark Liberty International Airport, NJPAC, The Newark Museum of Art, Rutgers University, University Hospital, and NJIT.
Key Highlights
- Four‑unit layout with 2/2/2/3 bedroom configuration
- Three apartments renovated with modern kitchens, bathrooms, appliances, and hardwood flooring
- Separate laundry, utility, and mechanical components for each apartment
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,501
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?
Quadplex - Three apartments feature renovated interiors, while the remaining residence requires renovation for future repositioning.
Where is this quadplex located?
The property is located at 539-541 18th Avenue Newark, NJ.
What are key features of this property?
This property features: Four‑unit layout with 2/2/2/3 bedroom configuration; Three apartments renovated with modern kitchens, bathrooms, appliances, and hardwood flooring; Separate laundry, utility, and mechanical components for each apartment
