Seize a rare opportunity to own a brand-new, cash-flowing mixed-use property in Newark’s South Orange Avenue corridor! Built in 2024, 549 S Orange Ave delivers $6,900/month from three luxury apartments, each leased at $2,300/month on secure 3-year terms through 2027. The ground floor offers two versatile commercial spaces — a 1,132 SF retail unit and a 511 SF office suite — currently owner-occupied and actively marketed for lease, creating immediate upside potential. Investors also benefit from a 5-year tax abatement (0% Year 1, phasing to 80% by Year 5), keeping operating costs low and boosting returns. With ~3,779 SF, central air, natural gas heat, sprinklers, fire alarms, underground utilities, and off-street parking, this turnkey investment is designed for long-term value. Zoned C-2 and ideally positioned near Rutgers, University Hospital, downtown Newark, transit, and major highways, it’s perfect for investors or owner-users seeking stable income today and growth tomorrow. Offered at $1,299,000 — don’t miss this rare chance to secure a new-construction, income-producing asset in one of Newark’s fastest-growing markets!
Commercial
MLS/Listing ID 25030288
Heating - Gas

Source of Data: NEW JERSEY MLS
TOTAL MONTHLY COST
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Douglas Elliman of NJ are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 10/24/2025.
Source: New Jersey Multiple Listing Service, Inc.
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