Property

Newark City, NJ 07103 83 Jay St

Pending
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Presented By: RE/MAX PROFESSIONALS I
  • MLS# 4007535
  • 01/30/2026
  • Request Tour
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  • Full/Half Baths • 0 / 6

Home Details

Excellent multifamily investment opportunity in Newark, NJ! Located at 83 Jay Street, this 6-unit income-producing property features six (6) 1-bedroom, 1-bathroom apartments, a highly desirable unit mix with strong rental demand. The building includes one detached garage, offering additional income potential. All units are equipped with baseboard heating for efficient and reliable tenant comfort. Situated in an established residential area with convenient access to public transportation, major highways, shopping, and employment centers. Ideal for investors seeking steady cash flow, long-term appreciation, and a buy-and-hold asset in a growing Newark rental market. Great opportunity to expand your multifamily real estate portfolio with a solid income property.
Presented By: RE/MAX PROFESSIONALS I

Interior Features for 83 Jay St

Bedrooms

Num 4 Bed Units

Bathrooms

Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths6

Other Interior Features

Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units0
Num 2 Bdrm Units0
Num 1 Bdrm Units6
BasementUnfinished
Fuel TypeGas-Natural
Total Stories3

General for 83 Jay St

ConstructionSee Remarks
CoolingWindow A/C(s)
CountyEssex
DirectionsCentral Ave. to Jay St.
Documents AvailableIncome & Expenses
Drive1 Car Width
EasementUnknown
Equipment AvailableSmoke Detector
Heating2 Units, Baseboard - Electric
Leasable Area
LocationResidential Area
Num Apts6
Number Of Units Total6
OwnershipFee Simple
PossessionTBD
Property TypeApartment Complex
Property TypeApartment Complex
RoofFlat
ServicesCable TV, Fiber Optic
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount10077
Tax Assessed Value265000
Tax Lot8
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built9999
Zoning.

Exterior for 83 Jay St

Building Area Total
Exterior DescriptionVinyl Siding
Lot Dimensions30X100
Lot FeaturesCorner
Lot Size Acres0.07
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Charles Torres

Owner
Price $699,900
MLS#4007535
List Date 01/30/2026
Property Type Pending
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