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$859,000

  • For Sale
  • Active
  • Commercial
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Prime location in the heart of the Ironbound! This versatile mixed-use property features a retail/office storefront on the first floor ideal for a variety of uses such as office, medical, or retail. The second floor includes two apartments, providing great income potential. Excellent opportunity for investors or owner-occupants seeking a live/work setup. Conveniently located near major highways, transportation, shopping, and restaurants.

Full Property Details for 198 Jefferson St

General

  • Price: $859,000
  • Taxes: $21,901 (2024)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 3997142
  • Updated: 1/28/2026
  • Added to Site: 113 day(s) ago

Business

  • Includes: Building & Land

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Restrooms: 4

Additional Information

  • Equipment: Smoke Detector

Parking

  • Parking: None

Location

  • County: Essex
  • Driving Directions: Walnut st to Jefferson st.
  • Location Details: Residential Area

Heating & Cooling

  • Cooling Type: See Remarks
  • Heating Type: See Remarks
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Roof: Asphalt Shingles
  • Stories in Building: 2
  • Square Feet: 2,500
  • Aprox. Leasable: 2,500 Sq. Ft.

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 1

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size: 25.9X100
  • Zoning: commercial

Financial Considerations

  • Assessment Amount: $575,900
  • Land Assmt: $156,000
  • Tax Amount: $21,901
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: See Remarks
  • APN: 1614-00960-0000-00003-0000-
  • Block: 960
  • Lot Number: 3

Listed by Rosa Agency

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Listing agent

— 198 Jefferson St —

  • Rosa Agency

973-589-7550

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 198 Jefferson St

School District:Newark City School District
NameGradesDistance
Lafayette Street Elementary School
205 Lafayette Street, Newark, NJ 07105
K-80.3 mi
Oliver Street Elementary School
86 Oliver Street, Newark, NJ 07105
PK-80.3 mi
South Street Elementary School
44-48 Hermon Street, Newark, NJ 07105
K-80.4 mi
Wilson Avenue Elementary School
19 Wilson Ave, Newark, NJ 07108
K-80.5 mi
Quitman Street School
21 Quitman Street, Newark, NJ 07103
K-81.1 mi
Hawkins Street Elementary School
8 Hawkins Street, Newark, NJ 07105
PK-81.3 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-61.7 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-81.8 mi
Harriet Tubman Elementary School
504 South 10th Street, Newark, NJ 07103
PK-42.1 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 198 Jefferson St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/10/2025
Listed
$859,000
14.53%
MLS
10/20/2025
Sold
$750,000
—
Public Record
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 198 Jefferson St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,901
2%
$575,900
—
2022
$21,516
—
$575,900
—
2021
$21,504
27%
$575,900
-11%
2021
$16,916
-41%
$650,000
-17%
2018
$28,864
4%
$781,600
—
2017
$27,825
3%
$781,600
—
2016
$26,887
4%
$781,600
—
2015
$25,863
6%
$781,600
20%
2019
$24,446
1%
$650,000
-17%
2014
$24,237
—
$781,600
—
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 198 Jefferson St

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

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NMLS#: 1598647

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Listed by Rosa Agency

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198 Jefferson St, Newark, NJ 07105 (MLS# 3997142) is a Commercial property. 198 Jefferson St is currently listed for $859,000 and was received on November 10, 2025. Want to learn more about 198 Jefferson St? Do you have questions about finding other Commercial 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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