Date
Details
Price
Change
Source
7/28/2026
Listed
$990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$990,000
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Property Description
Rare mixed-use investment opportunity on high-traffic S Orange Avenue in Newark's established West Side corridor.This well-maintained brick building offers two street-level commercial spaces plus four residential units ideal for anowner-user or pure income investor. Kitchens and baths updated within the last 10 years. Additional storage inbasement and private paved backyard. Separate utilities. Gross monthly income of $10,700. Priced at a compelling8.0% cap rate one of the strongest going-in yields available in Essex County today. Minutes to downtown Newark,NJ Transit, and major highways. REO (bank-owned) property. Seller is in the process of securing access to all units. All offers accepted subject tofull physical inspection contingency, to be scheduled once interior access is obtained. Buyer's due diligenceperiod commences upon written confirmation of unit access. Property sold strictly AS-IS. Seller will make norepairs. All income figures must be independently verified by Buyer. Proof of funds or pre-qualification requiredprior to showing. Do not disturb tenants.
Full Property Details
Full Property Details for 304 S Orange Ave
General
- Price: $990,000
- Taxes: $11,125 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4043437
- Updated: 7/30/2026
- Added to Site: 38 day(s) ago
Business
- Includes: Building Only, See Remarks
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 6
Additional Information
- Equipment: See Remarks
Parking
- Parking: On-Street Parking, Paver Block
Location
- County: Essex
- Driving Directions: From I-280, take Exit 13 to S Orange Ave. Property is on the corner of S Orange Ave.
- Location Details: Freestanding, See Remarks
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Radiators - Hot Water, Radiators - Steam
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Storage
- Roof: See Remarks
- Stories in Building: 3
- Square Feet: 3,484
- Aprox. Leasable: 3,484 Sq. Ft.
- Year Built: 1920
Unit Information
- 2 Bedroom Units: 4
- Units w/Full Bath: 4
Lot Features
- Lot Size (Acres): 0.08
- Lot Size: 41.8X87
- Permitted Use: Com/Res
- Zoning: Mixed-Use
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $284
- Assessment Amount: $278,200
- Land Assmt: $83,600
- Tax Amount: $11,125
- Tax Year: 2025
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Pro Forma, See Remarks
- APN: 1614-00270-0000-00001-0000-
- Block: 270
- Lot Number: 1
Listed by Keller Williams - Nj Metro Group
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 304 S Orange Ave —
Keller Williams - Nj Metro Group
973-783-7400
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 304 S Orange Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.2 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.3 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.6 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.4 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.7 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.4 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 1.1 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.5 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 1.7 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 304 S Orange Ave
Tax History
Tax History for 304 S Orange Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,125
7%
$278,200
—
2022
$10,394
—
$278,200
—
2021
$10,368
27%
$278,200
-11%
2021
$8,137
-29%
$312,500
—
2018
$11,541
4%
$312,500
—
2017
$11,125
3%
$312,500
—
2016
$10,750
4%
$312,500
—
2015
$10,341
-12%
$312,500
—
2019
$11,753
27%
$312,500
—
2013
$9,228
—
$312,500
—
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 304 S Orange Ave
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Sold by Keller Williams City Views Realty
304 S Orange Ave, Newark, NJ 07103 (MLS# 4043437) is a Retail property. 304 S Orange Ave is currently listed for $990,000 and was received on July 28, 2026. Want to learn more about 304 S Orange Ave? Do you have questions about finding other Retail real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.