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$775,000 -$24,999 (-3.12%) Price Reduced

  • For Sale
  • Active
  • Office
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Mixed-use investment opportunity featuring five income-producing units. The street-level unit is currently configured and occupied as a 2-bedroom, 1-bath unit, with potential commercial use subject to applicable zoning, approvals, and permitted use. The second and third floors each contain two 1-bedroom, 1-bath apartments with living room and kitchen, for a total of four residential units. All units are currently month-to-month with a history of timely rent payments. Current monthly gross income is $5,600, totaling $67,200 annually. Reported annual operating expenses are $14,626, resulting in NOI of $52,574 and an estimated 6.58% cap rate based on the current asking price. Convenient Newark location with access to public transportation and major roadways. Rent roll and financial information available for review. All income, expenses, permitted uses and financial information to be independently verified by buyer.

Full Property Details for 485 18th Ave

General

  • Price: $775,000
  • Taxes: $7,826 (2025)
  • Status: Active
  • Type: Office
  • Source: Garden_State
  • MLS ID: 4047292
  • Updated: 10/5/2026
  • Added to Site: 50 day(s) ago

Business

  • Includes: Building & Land

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Restrooms: 5

Additional Information

  • Equipment: See Remarks

Parking

  • Parking: None

Location

  • County: Essex
  • Driving Directions: Between S 10th and S 11th Sts, off Springfield Ave.
  • Location Details: See Remarks

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Baseboard - Hotwater
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas, See Remarks

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Roof: Asphalt Shingles
  • Stories in Building: 3
  • Square Feet: 1,800
  • Aprox. Leasable: 1,800 Sq. Ft.
  • Office: 1,800 Sq. Ft.
  • Remodeled/Updated: 2019

Unit Information

  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 1
  • Units w/Full Bath: 5

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size: 33.1X54
  • Zoning: C2

Financial Considerations

  • Price Per Sq. Ft.: $444
  • Operating Expenses: $14,626
  • Assessment Amount: $195,700
  • Land Assmt: $57,200
  • Tax Amount: $7,826
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: See Remarks
  • APN: 1614-00314-0000-00014-0000-
  • Block: 314
  • Lot Number: 14

Listed by Real

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Listing agent

— 485 18th Ave —

  • Real

908-451-2311

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 485 18th Ave

School District:Newark City School District
NameGradesDistance
Harriet Tubman Elementary School
504 South 10th Street, Newark, NJ 07103
PK-40.2 mi
Avon Avenue School
219 Avon Avenue, Newark, NJ 07108
7-80.5 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-80.5 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-120.6 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-120.7 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-121.1 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-60.5 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-80.8 mi
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-61 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 485 18th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/05/2026
Price Reduced
$775,000
-3.12%
MLS
8/17/2026
Listed
$799,999
207.69%
MLS
1/08/2019
Sold
$260,000
—
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 485 18th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,826
7%
$195,700
—
2022
$7,311
—
$195,700
—
2021
$7,307
27%
$195,700
-11%
2021
$5,741
-31%
$220,100
—
2019
$8,278
2%
$220,100
—
2018
$8,128
4%
$220,100
—
2017
$7,836
4%
$220,100
—
2016
$7,571
4%
$220,100
—
2015
$7,283
12%
$220,100
—
2013
$6,500
—
$220,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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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 Real

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485 18th Ave, Newark, NJ 07103 (MLS# 4047292) is a Office property. 485 18th Ave is currently listed for $775,000 and was received on August 17, 2026. Want to learn more about 485 18th Ave? Do you have questions about finding other Office 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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