539-541 18th Ave, Newark, NJ 07103

Newark
Local realty services provided by:ERA Boniakowski Real Estate
539-541 18th Ave,Newark City, NJ 07103
$899,500
  • 9 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Mar 07
    02:30 pm - 04:30 pm
Listed by: darrell bailey
Office: re/max first realty ii
MLS#:4011619
Source:NJ_GSMLS

Price summary

  • Price:$899,500

About this home

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

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Home facts

  • Year built:1930
  • Listing ID #:4011619
  • Added:5 day(s) ago
  • Updated:March 03, 2026 at 12:15 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:17
  • Basement Description:Basement, Unfinished, Walkout

Heating and cooling

  • Cooling:4 Units
  • Heating:4+ Units, Radiators - Steam

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1930
  • Lot area:0.07 Acres
  • Lot Features:Level Lot
  • Architectural Style:Fourplex
  • Construction Materials:Aluminum Siding, Brick
  • Exterior Features:Metal Fence

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$899,500
  • Tax amount:$11,679 (2024)

Features and amenities

  • Amenities:All Utilities Underground, Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Intercom, Security System, Smoke Detector, Tile Floors, Wood Floors
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated March 3, 2026

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