587 S Orange Ave, Newark City, NJ 07106
587 S Orange Ave, Newark City, NJ 07106
587 S Orange Ave, Newark City, NJ 07106
587 S Orange Ave, Newark City, NJ 07106
587 S Orange Ave, Newark City, NJ 07106
587 S Orange Ave, Newark City, NJ 07106
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$ 549,000
Est. payment | /mo

2,613 Sqft Lot


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$ 549,000
Est. payment | /mo
Save

2,613 Sqft Lot

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4052304

Year Built 1900

Annual Tax Amount $12,996

Tax Year 2025

Lot Size 2,613 Sqft

Property Sub-Type Mixed Use

Property Description

Excellent mixed-use investment opportunity on busy South Orange Avenue! This income-producing property features a commercial space on the first floor with an established tenant and lease in place. The second floor offers a renovated two-bedroom apartment, providing an additional source of rental income. A full unfinished basement provides additional storage. Renovated in 2021 and situated in Newark's C-2 Community Commercial and Residential Zone, the property offers strong visibility and convenient access to major highways, public transportation, shopping and neighborhood amenities. A great opportunity to add a versatile mixed-use property to your investment portfolio. Buyer responsible for verifying permitted uses and property information with the City of Newark.

Location

State NJ

County Essex

Zoning c-2

Rooms

Basement Full, Unfinished

Interior

Heating Electric, Gas-Natural

Cooling Central Air

Equipment Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Gas In Street

Roof Type Flat

Garage No

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Listed by EPIQUE REALTY

Nearby Locations

Kelly & Carl Robinson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 500-3253

info@carellyrealty.com

549 Millburn Ave, Short Hills, NJ 07078-3330, USA

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587 S Orange Ave