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549 S Orange Ave

newark, NJ 07103-1340

$1,299,000

    INTERESTED? LET'S CONNECT

    Exceptional investment opportunity in the heart of Newark. This newly constructed 3-story mixed-use building features three residential units and two ground-floor commercial spaces ? a retail unit (1,132 SF) and an office unit (511 SF). All three apartments are currently leased at $2,300/month each on 3-year leases expiring in 2027, offering stable, in-place cash flow. The commercial units are presently owner-occupied on a month-to-month basis, allowing for flexible occupancy or immediate leasing upside. Both spaces will also be actively marketed for lease, making this a prime opportunity for investors, owner-users, or hybrid retail/residential operators.The property benefits from a valuable 5-year tax abatement, with reduced property taxes structured as follows: Year 1 ? 0%, Year 2 ? 20%, Year 3 ? 40%, Year 4 ? 60%, and Year 5 ? 80% of full taxes. Located along the South Orange Avenue corridor, this asset is well positioned for long-term growth with convenient access to major highways, public transportation, and Newark?s institutional and residential hubs. A rare chance to acquire a turnkey building with strong rental income and immediate commercial upside.

    Details

    3,779 Sq Ft

    2,613.6 Sq Ft Lot Size

    Commercial

    Built in 2024

    MLS/Listing ID 3977346

    3 Stories

    5 Units

    Amenities & Features

    Cooling - Central Air

    GSMLS

    Source of Data: GARDEN STATE MLS

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    Interested in 549 S Orange Ave?