About This Home

This 0-bedroom, 0-bathroom other at 304 S Orange Ave in Newark City, NJ is listed for $990,000. Built in 1920, on a 0.08 acres lot.

Key Features

  • Built in 1920
  • 0.08 acre lot

Property Details

1920
Listing Description

Rare mixed-use investment opportunity on high-traffic S Orange Avenue in Newark's established West Side corridor.This well-maintained brick building offers two street-level commercial spaces plus four residential units ideal for anowner-user or pure income investor.

Kitchens and baths updated within the last 10 years. Additional storage inbasement and private paved backyard. Separate utilities. Gross monthly income of $10,700. Priced at a compelling8.0% cap rate one of the strongest going-in yields available in Essex County today.

Minutes to downtown Newark,NJ Transit, and major highways. REO (bank-owned) property. Seller is in the process of securing access to all units. All offers accepted subject tofull physical inspection contingency, to be scheduled once interior access is obtained.

Buyer's due diligenceperiod commences upon written confirmation of unit access. Property sold strictly AS-IS. Seller will make norepairs. All income figures must be independently verified by Buyer. Proof of funds or pre-qualification requiredprior to showing. Do not disturb tenants.

Monthly Cost Estimate

$5,295/mo

20% down · 6.5% · 30 years

Principal$716
Interest$4,290
Insurance$289

Estimates only. Actual payments may vary.

Location

304 S Orange Ave

Newark City, NJ 07103

Property Details

Heating

Hot Water(Heating)Other (Heating)Steam

Questions & Answers

This 0-bedroom, 0-bathroom other at 304 S Orange Ave is listed at $990,000. The estimated monthly payment is $5,295 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.08 acre lot.

This property is listed by CHERYL DARMANIN.

CD

CHERYL DARMANIN

Agent at NJ Metro Group LLC

Listed by NJ Metro Group LLC · Broker phone: (973) 783-7400 · Broker website

MLS# 4043437· Source: Garden State MLS, LLC· 95 days on PropertySimple

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

304 S Orange Ave, Newark City, NJ 07103

Open this listing in: