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$1,350,000 Just Listed
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Property Description
Located just steps from University Heights, 221 Sussex Avenue presents a prime opportunity to own a high-yielding mixed-use property in one of Newark's most desirable investment corridors. This well-positioned building offers a total of six units, including four residential apartments and one commercial storefront, making it a versatile asset for both seasoned and first-time investors. 221 Sussex Ave offers long-term upside with immediate rental income potential. Positioned adjacent to 219 Sussex Ave, this property is also ideal for investors seeking to consolidate holdings in a high-growth area.
Full Property Details
Full Property Details for 221 Sussex Ave
General
- Price: $1,350,000
- Taxes: $13,679 (2024)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4030367
- Updated: 5/27/2026
- Added to Site: 6 day(s) ago
Business
- Includes: Building Only
Rooms
Bathrooms
- Total Bathrooms: 5
- Restrooms: 6
Additional Information
- Equipment: See Remarks
Parking
- Parking: None
Location
- County: Essex
- Driving Directions: Norfolk St. to Sussex Ave.
- Location Details: See Remarks
Heating & Cooling
- Cooling Type: No Cool
- Heating Type: Forced Hot Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: See Remarks
- Exterior Const.: See Remarks
- Roof: Flat
- Stories in Building: 3
- Year Built: 1950
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 2
- 3 Bedroom Units: 1
- Units w/Full Bath: 5
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25X100
- Zoning: Mix
Financial Considerations
- Assessment Amount: $359,700
- Land Assmt: $42,500
- Tax Amount: $13,679
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 1614-02848-0000-00036-0000-
- Block: 2848
- Lot Number: 36
Listed by Re/Max Professionals I
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Schools
Schools serving 221 Sussex Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 0.2 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.8 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.1 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.5 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 1 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.1 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.3 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.3 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 1.3 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 221 Sussex Ave
Date
Details
Price
Change
Source
5/27/2026
Listed
$1,350,000
50.84%
MLS
3/29/2018
Sold
$895,000
—
Public Record
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 221 Sussex Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,679
2%
$359,700
—
2023
$13,410
—
$359,700
—
2022
$13,438
—
$359,700
—
2021
$13,431
33%
$359,700
—
2021
$10,126
-25%
$359,700
—
2019
$13,528
14%
$359,700
12%
2018
$11,866
-7%
$321,300
-11%
2017
$12,805
3%
$359,700
—
2016
$12,374
4%
$359,700
—
2015
$11,902
12%
$359,700
—
2013
$10,622
—
$359,700
—
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
Estimate the Cost for 221 Sussex Ave
221 Sussex Ave, Newark, NJ 07103 (MLS# 4030367) is a Commercial property. 221 Sussex Ave is currently listed for $1,350,000 and was received on May 27, 2026. Want to learn more about 221 Sussex Ave? 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.

