539-541 18th Avenue, Newark, NJ 07103

• 9 beds |
• 4 baths

Property Description

Spacious 4 family corner property located opposite West Side Park in the desirable 07103 section of Newark. Features a 2/2/2/3 bedroom layout with 3 fully renovated 2 bedroom apartments showcasing modern kitchens, bathrooms, appliances and hardwood flooring throughout. The property is currently generating approximately $10,000 per month from the three renovated units. The remaining 3-bedroom unit requires renovation, presenting a strong value-add opportunity with projected gross income of approximately $15,000 per month once completed. Separate laundry, utilities, and mechanical units for each apartment provides efficiency and ease of management. The basement offers additional upside potential for possible conversion into two additional units (subject to municipal approval), or alternatively for laundry facilities, tenant storage, or bonus rooms to further enhance income. Ideal for investors seeking stable cash flow with future appreciation or an owner-occupant looking to offset their mortgage with rental income. Perfect for short-term rental strategy (subject to local regulations) or long-term hold. Conveniently located near the Garden State Parkway, Route 280, and major transportation routes with easy access to NJ Transit, Newark Penn Station, Newark Liberty International Airport, NJPAC, The Newark Museum of Art, Rutgers University, University Hospital, and NJIT. This building may qualify for a grant to assist with down payment or closing costs via our approved lenders.

Listing Status:

Active

Date Added:

February 27, 2026

Data Last Updated:

March 10, 2026 at 7:57AM

Listing Office:

RE/MAX First Realty II : 908-664-1500

Listing Agent:

Darrell Bailey : 862-283-1281

MLS ID:

26006383

Interior

• Rooms: 17
• Laundry: In Unit

Location

• County: ESSEX

Utilities

• Utilities: Sep ElecSep GasSep HeatSep Water