218 Mulberry St, Newark, NJ 07102 - Photo 1

Save This Listing

1/29

View All Photos

$4,800,000 -$1,000,000 (-17.24%) Price Reduced

For Sale
Active
Business

See This Home

Save This Listing

1/29

Property Description

Price Adjustment to reflect a 6.25% CAP RATE. A rare opportunity to acquire a fully income-producing mixed-use property in the heart of Downtown Newark's Arena District, steps from the Prudential Center and Mulberry Commons Park. 218 Mulberry Street offers immediate cash flow with significant long-term upside in one of Newark's most active redevelopment corridors. The property features a strong commercial anchor tenant generating approximately $240,000 annually, plus four residential units above, providing a diversified income stream with total annual income of approximately $349,200 and a net operating income of approximately $291,900. Operating expenses are low, tenants pay all utilities, and the property is owner-managed. All leases are month-to-month, offering incoming ownership flexibility to lock in long-term leases, optimize rents, or reposition the asset. Located within a major redevelopment zone surrounded by substantial public and private investment, the property is widely regarded as a strategic parcel in the continued transformation of Downtown Newark. Ideal for 1031 exchange buyers, long-term hold investors, value-add strategies, or assemblage-minded buyers seeking stable income today with meaningful future potential.

Full Property Details

Full Property Details for 218 Mulberry St

General

Price: $4,800,000
Taxes: $36,877 (2024)
Status: Active
Type: Business
Source: Garden_State
MLS ID: 4004798
Updated: 4/1/2026
Added to Site: 79 day(s) ago

Business

Includes: Building Only

Rooms

Bathrooms

Total Bathrooms: 4
Restrooms: 7

Additional Information

Equipment: Sign - Roof

Exterior

Color: Brick

Parking

Parking: None

Location

County: Essex
Driving Directions: Use GPS to 218 Mulberry Street, Newark, NJ 07102. The property is located in Downtown Newark near the Prudential Center and Mulberry Commons Park.
Location Details: Business District, Freestanding, See Remarks

Heating & Cooling

Cooling Type: See Remarks
Heating Type: See Remarks
Heating Fuel: See Remarks

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: All Underground

Structural Information

Construction: Brick/Block, Wood
Exterior Const.: Aluminum Siding, Brick
Basement: Yes
Basement Desc.: Full
Roof: Flat
Loading: None
Stories in Building: 3
Square Feet: 39,500
Aprox. Leasable: 39,500 Sq. Ft.
Previous Bldg. Use: Mixed Use
Year Built: 1900

Unit Information

1 Bedroom Units: 1
2 Bedroom Units: 1
Units w/Full Bath: 4

Lot Features

Lot Size (Acres): 0.08
Lot Size: 27.9X121
Permitted Use: Mixed Use-Redevelopment
Zoning: Redevelopment
Lot Description: Corner

Financial Considerations

Expenses: See Remarks
Operating Expenses: $57,300
Assessment Amount: $969,700
Land Assmt: $483,200
Tax Amount: $36,877
Tax Year: 2024
Pays Utilities: Tenant

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Income & Expenses
APN: 1614-00872-0000-00056-0000-
Block: 872
Lot Number: 56

Listed by Exp Realty, Llc

Quickly Find Out More

* Indicates a required field

Comment *

Full Name *

Email Address *

Mobile Phone Number *

See this property in person

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 218 Mulberry St —

Exp Realty, Llc

917-533-9263

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 218 Mulberry St

School District:Newark City School District

Name	Grades	Distance
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	0.3 mi
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105	K-8	0.4 mi
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108	K-8	0.9 mi
East Side High School 238 Van Buren Street, Newark, NJ 07105	9-12	0.8 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1.2 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1.4 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	1.3 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.4 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1.6 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 218 Mulberry St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/01/2026

Price Reduced

$4,800,000

-17.24%

MLS

1/13/2026

Listed

$5,800,000

480%

MLS

3/25/2004

Sold

$1,000,000

—

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

Tax History for 218 Mulberry St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$36,878

$969,700

—

2023

$36,150

—

$969,700

—

2022

$36,228

—

$969,700

—

2021

$36,209

29%

$969,700

-8%

2021

$28,113

-28%

$1,055,600

—

2018

$38,983

$1,055,600

—

2017

$37,579

$1,055,600

—

2016

$36,313

$1,055,600

—

2015

$34,930

-12%

$1,055,600

—

2019

$39,701

27%

$1,055,600

—

2013

$31,172

—

$1,055,600

—

View All

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

Estimate the Cost for 218 Mulberry St

218 Mulberry St, Newark, NJ 07102 (MLS# 4004798) is a Business property. 218 Mulberry St is currently listed for $4,800,000 and was received on January 13, 2026. Want to learn more about 218 Mulberry St? Do you have questions about finding other Business real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

Tour this property

218 Mulberry St Newark, NJ 07102