$699,900

83 Jay Street, Newark, NJ 07103

  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

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.

Listing Status:
Active
Date Added:
January 30, 2026
Data Last Updated:
February 7, 2026 at 4:58AM
Listing Office:
RE/MAX Professionals 1 : 973-450-4000
Listing Agent:
Jorge Velasquez : 973-450-4000
MLS ID:
26002750
  • Heating: BaseboardElectric
  • County: ESSEX
  • Utilities: Sep ElecSep Gas
  • Ownership: Corporate

Presented by Veterans United Realty

This listing courtesy of Jorge Velasquez , RE/MAX Professionals 1

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sussex Avenue Elementary School

307 Sussex Ave, Newark, NJ, 07107

Grades PK-8

0.39 miles away

S

Sussex Avenue Elementary School

307 Sussex Ave, Newark, NJ, 07107

Grades PK-8

0.39 miles away

S

Science Park High School

260 Norfolk St, Newark, NJ, 07103

Grades 7-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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