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$650,000

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 10 days ago
See This Home
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This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation.The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today's market.Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you're looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.

Full Property Details for 113 Elizabeth Ave

General

  • Price: $650,000
  • Taxes: $6,872 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3968168
  • Updated: 1/6/2026
  • Added to Site: 221 day(s) ago

Interior

  • Number of Rooms: 17
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Metal Fence

Location

  • County: Essex
  • Driving Directions: Clinton Ave or W Runyon to Elizabeth

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: 4+ Units
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas, Garbage Included

Structural Information

  • Architectural Style: Fourplex, See Remarks
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Asphalt Shingles
  • Year Built: 1920

Unit Information

Unit 1

  • Unit Description: Rec Room, Storage
  • Square Feet: 850
  • Levels/Stories: 1
  • Total Bathrooms: 1

Unit 2

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
  • Square Feet: 900
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
  • Square Feet: 900
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room
  • Square Feet: 900
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Dimensions: 27.7 x 100
  • Driveway/Sidewalk: On-Street Parking

Financial Considerations

  • Expenses: Cold Water, Garbage Collection, Insurance, Taxes
  • Operating Expenses: $16,500
  • Assessment Amount: $125,700
  • Land Assmt: $55,000
  • Tax Amount: $6,872
  • Tax Year: 2024

Disclosures and Reports

  • Disclosures: Yes
  • Block: 2672
  • Lot Number: 26

Listed by BHHS FOX & ROACH

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Listing agent

— 113 Elizabeth Ave —

  • BHHS FOX & ROACH

201-463-0958

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 113 Elizabeth Ave

School District:Newark City School District
NameGradesDistance
Louise A. Spencer Elementary School
66 Muhammad Ali Avenue, Newark, NJ 07108
PK-80.4 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.5 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-80.9 mi
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-61.2 mi
George Washington Carver Elementary School
333 Clinton Place, Newark, NJ 07112
PK-81.4 mi
South Seventeenth Street Elementary School
619 South 17th Street, Newark, NJ 07103
K-41.5 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-81.6 mi
Chancellor Avenue Elementary School, Newark, NJ
321 Chancellor Avenue, Newark, NJ 07112
3-81.7 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-82.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 113 Elizabeth Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/01/2025
Price Reduced
$650,000
-7.01%
MLS
6/11/2025
Listed
$699,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 113 Elizabeth Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,872
2%
$180,700
—
2022
$6,751
—
$180,700
—
2021
$6,747
33%
$180,700
—
2021
$5,087
-24%
$180,700
—
2018
$6,673
4%
$180,700
—
2017
$6,433
3%
$180,700
—
2016
$6,216
4%
$180,700
—
2015
$5,979
-12%
$180,700
—
2019
$6,796
27%
$180,700
—
2013
$5,336
—
$180,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 113 Elizabeth Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by BHHS FOX & ROACH

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113 Elizabeth Ave, Newark, NJ 07108 (MLS# 3968168) is a Multi-Family property with 4 units containing 6 bedrooms, 3 full bathrooms and 1 partial bathroom. 113 Elizabeth Ave is currently listed for $650,000 and was received on June 09, 2025. Want to learn more about 113 Elizabeth Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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