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Vacant Multifamily Property
For Sale
$559,000

90 Pennsylvania Ave, Newark, NJ 07114

The 1910-built property is delivered vacant and requires renovation before occupancy.

Property SizeContact for details
Days on Market35

Property Features for 90 Pennsylvania Ave

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence requires TLC

Building Details

Year Built 1910
Listing Agency: WEICHERT RLTRS TEN-CRESKL
Listed By: JOHN T. BOWE JR
Source: Luminancerealty
Added: Jul 31 Changed: Aug 29 Last Checked: Sep 1 at 10:09PM

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 WEICHERT RLTRS TEN-CRESKL

Investment Insights

Based on property information with market context.

Built in 1910, this multifamily property is currently fully vacant and requires TLC. The sale is offered in as-is condition, providing a renovation-focused project for an investor or owner prepared to complete the necessary work.

Financing is limited to cash, 203(k), or construction loan programs; standard financing will not qualify. The buyer must obtain the Certificate of Continued Occupancy and complete all required municipal inspections, certifications, and permits.

Key Highlights

  • Fully vacant multifamily property
  • Built in 1910
  • Sold in as‑is condition and requires TLC

Property Analytics

Current Use

Multifamily properties

Suggested Use

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

1,907
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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - The 1910-built property is delivered vacant and requires renovation before occupancy.
Where is this multifamily property located?
The property is located at 90 Pennsylvania Ave Newark, NJ.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Fully vacant multifamily property; Built in 1910; Sold in as‑is condition and requires TLC
More about this property
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