Property
Newark City, NJ 07103 358-360 S Orange Ave
$1,300,000
13 more
Presented By: MIG REAL ESTATE
Full/Half Baths • 0 / 8- SQFT • 8,000
Full/Half Baths • 0 / 8
SQFT • 8,000Home Details
Income-producing mixed-use asset featuring 6 residential units and 2 street-level retail spaces on a high-traffic corridor. Strong in-place cash flow with additional upside through lease-up and rent optimization. Value-add opportunity with select units offering below-market rents and vacancy allowing for strategic repositioning.Efficient layout with separate utilities supports streamlined operations and expense control. Retail frontage provides visibility and diversified income stream.Located near major transportation, public transit, and neighborhood amenities, supporting consistent rental demand. Ideal for investors seeking a stabilized asset with near-term upside potential in a growing urban market.
Presented By: MIG REAL ESTATE
Interior Features for 358-360 S Orange Ave
Bedrooms
Num 4 Bed Units3
Bathrooms
Num Units w/Full Bath6
Num Units w/Half Bath
Half Baths8
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft8000
Num 3 Bdrm Units3
BasementUnfinished
Fuel TypeGas-Natural
Total Stories4
General for 358-360 S Orange Ave
Cap Rate6.00
ConstructionBrick/Block
CoolingWindow A/C(s)
CountyEssex
DirectionsSouth Orange Ave and S 10th St
Documents AvailableNo Documents Available
DriveNone
EasementUnknown
Equipment AvailableAppliances
Garage Spaces
Gross Income156000
Heating4+ Units, Forced Hot Air
Leasable Area
LocationResidential Area
Net Operating Income78000
Num Apts6
Number Of Units Total8
Operating Expense78000
OwnerPaysWater
OwnershipFee Simple
PossessionAt Closing
Property TypeMixed Use
Property TypeMixedUse
RoofFlat
SewerPublic Available
Standard StatusActive
StatusActive
Tax Annual Amount42489
Tax Assessed Value1062500
Tax Lot12.02
Tax Year2025
Tenant PaysElectric, Heat
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built0
ZoningC-2
Exterior for 358-360 S Orange Ave
Building Area Total8000
Exterior DescriptionBrick/Block
Lot Dimensions40.6 X68.2
Lot Size Acres0.06
Max Ceiling Height10
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner