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Angelo Mitlo

angelo.mitlo@empire-rea.com +1(848) 200-8388

$ 3,900,000

Est. payment -/mo

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Active

136 Elm St Newark City, NJ 07105

3,600 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $1,083

MLS Listing ID 3964131

Year Built 1930

Annual Tax Amount $28,522

Tax Year 2024

Lot Size 2,613 Sqft

Property Sub-Type Mixed Use

Property Description

Discover this exceptional income-producing commercial property situated prominently at the corner of Elm Street and Pacific Street in the heart of the vibrant Ironbound section of Newark. Located just 3 minutes from the Prudential Center and 5 minutes from Newark Penn Station, this mixed-use building offers unparalleled convenience and accessibility. The property features 10 total units, including 8 luxury residential apartments and 2 commercial storefronts. The residential layout includes one 1-bedroom, four 2-bedroom, and three 3-bedroom high-end apartments, all thoughtfully designed to appeal to discerning tenants. Each residential unit boasts an open-concept layout, seamlessly connecting the living room and eat-in kitchen, featuring sleek quartz countertops. These units also offer spacious bedrooms, modern bathrooms, and the convenience of an in-unit washer and dryer, with central air and forced hot air throughout. The ground floor hosts two well-established businesses: a charming flower shop and a popular restaurant, providing steady commercial income and neighborhood foot traffic. With modern finishes, a prime location, and high rental demand, this building presents a rare chance to own a well-maintained, turn-key property in one of Newark's most desirable neighborhoods. This is a perfect opportunity for investors looking for both appreciation and consistent rental income.

Location

State NJ

County Essex

Zoning 4A

Interior

Heating Electric, Gas-Natural

Cooling Central Air

Equipment Exhaust System, Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block

Utilities Available Electric, Gas-Natural

Roof Type Flat

Building

Lot Description Corner

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by REAL

SCHOOLSPROPERTIES

Elementary Schools 20

10

North Star Academy Charter Schools of Newark

Public | KG - 12
8

Robert Treat Academy Charter School

Public | KG - 8
6

First Avenue Elementary School

Public | PK - 8
6

Branch Brook Elementary School

Public | PK - 4
6

The Gray Charter School

Public | KG - 8
6

Oliver Street Elementary School

Public | PK - 8
6

Lafayette Street Elementary School

Public | PK - 8
5

Roseville Community Charter School

Public | KG - 3
5

New Horizons Community Charter School

Public | KG - 5
5

Phillip's Academy Charter School

Public | KG - 8
5

Abington Avenue Elementary School

Public | PK - 8
5

Team Academy Charter School

Public | KG - 12
5

Hamilton Intermediate School

Public | 4 - 5
5

Washington Elementary School

Public | PK - 8
5

Ann Street Elementary School

Public | PK - 8
5

Wilson Avenue Elementary School

Public | PK - 8
5

Garfield Elementary School

Public | PK - 6
5

Franklin Elementary School

Public | PK - 8
4

Cicely L. Tyson Community Elementary School

Public | PK - 5
4

Edward T. Bowser Sr. School of Excellence

Public | PK - 5

Middle Schools 16

9

Science Park High School

Public | 7 - 12
7

Great Oaks Charter School

Public | 6 - 9
5

Arts High School

Public | 7 - 12
4

American History High School

Public | 6 - 12
4

Washington Middle School

Public | 6 - 8
3

John L. Costley Middle School

Public | 6 - 8
3

Sojourner Truth Middle School

Public | 6 - 8
2

Merit Preparatory Charter School of Newark

Public | 6 - 7
1

Patrick F. Healy Middle School

Public | 6 - 8
1

Eagle Academy

Public | 6 - 7
1

Newark Early College High School

Public | 6 - 10
0

Fast Track Success Academy

Public | 6 - 12
0

Elyon Learning Center Academy

Private | 8 - 12
0

Link Community School

Private | 7 - 8
0

St Benedict's Preparatory School

Private | 7 - 12
0

Alif Muhammad's Nia School

Private | 8 - 12

High Schools 20

10

Technology High School

Public | 9 - 12
8

Bard Early College High School

Public | 9 - 12
6

North 13th St Tech

Public | 9 - 12
5

Newark Tech

Public | 9 - 12
4

Harrison High School

Public | 9 - 12
4

Kearny High School

Public | 9 - 12
3

People's Preparatory Charter School

Public | 9 - 11
2

Newark Vocational High School

Public | 9 - 12
1

West Side High School

Public | 9 - 12
1

Central High School

Public | 9 - 12
1

Malcom X Shabazz High School

Public | 9 - 12
1

Barringer High School

Public | 9 - 12
1

Paulo Freire Charter School

Public | 9 - 10
1

Newark Preparatory Charter School

Public | 9 - 10
1

East Side High School

Public | 9 - 12
0

Newark Bridges High School

Public | 9 - 12
0

Newark Innovation Academy

Public | 9 - 12
0

Newark Leadership Academy

Public | 9 - 12
0

St Vincent Academy

Private | 9 - 12
0

Visions Academy Charter High School

Public | 9 - 12

School and business data provided by Attom Data.

Angelo Mitlo

Broker Associate | License ID: 0894102

+1(848) 200-8388

Angelo Mitlo

136 Elm St Newark City, NJ 07105

Key Details

Location

Interior

Exterior

Building

Others

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136 Elm St