113 Elizabeth Ave new Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07108
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $258
MLS Listing ID 3968165
Year Built 1920
Annual Tax Amount $6,872
Tax Year 2024
Lot Size 2,613 Sqft
Property Sub-Type Mixed Use
Property Description
This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation. The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today's market. Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you're looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.
Location
State NJ
County Essex
Zoning commercial
Interior
Heating Gas-Natural
Cooling No Cool
Flooring Tile, Wood
Equipment Sign - Building
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Open Lot, Wooded Lot
Story 4
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple