549 Orange St Newark, NJ 07103

This mixed-use property, constructed in 2024, is located in Newark’s South Orange Avenue corridor. The building includes three apartments, each leased at $2,300 per month through 2027, generating a total monthly income of $6,900. The ground floor features a 1,132-square-foot retail unit and a 511-square-foot office suite. These commercial spaces are currently owner-occupied and are being marketed for lease. The property benefits from a 5-year tax abatement, starting at 0% in the first year and phasing to 80% by the fifth year. The building has approximately 3,779 square feet, central air conditioning, natural gas heat, sprinklers, fire alarms, underground utilities, and off-street parking. It is zoned C-2 and is near Rutgers, University Hospital, downtown Newark, transit options, and major highways. This property is suitable for investors or owner-users. The property is intended for long-term value. It offers stable income and growth potential.