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$899,500 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • Updated 4 hours ago
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Spacious 4 family corner property located opposite West Side Park in the desirable 07103 section of Newark. Features a 2/2/2/3 bedroom layout with 3 fully renovated 2 bedroom apartments showcasing modern kitchens, bathrooms, appliances and hardwood flooring throughout. The property is currently generating approximately $10,000 per month from the three renovated units. The remaining 3-bedroom unit requires renovation, presenting a strong value-add opportunity with projected gross income of approximately $15,000 per month once completed. Separate laundry, utilities, and mechanical units for each apartment provides efficiency and ease of management. The basement offers additional upside potential for possible conversion into two additional units (subject to municipal approval), or alternatively for laundry facilities, tenant storage, or bonus rooms to further enhance income. Ideal for investors seeking stable cash flow with future appreciation or an owner-occupant looking to offset their mortgage with rental income. Perfect for short-term rental strategy (subject to local regulations) or long-term hold. Conveniently located near the Garden State Parkway, Route 280, and major transportation routes with easy access to NJ Transit, Newark Penn Station, Newark Liberty International Airport, NJPAC, The Newark Museum of Art, Rutgers University, University Hospital, and NJIT. This building may qualify for a grant to assist with down payment or closing costs via our approved lenders.

Full Property Details for 539-541 18th Ave

General

  • Price: $899,500
  • Taxes: $11,679 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4011619
  • Updated: 2/27/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 17
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Intercom, Security System, Smoke Detector, Tile Floors, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 9

Exterior

  • Exterior Features: Metal Fence, See Remarks
  • Color: BEIGE/RED

Location

  • County: Essex
  • Driving Directions: GARDEN STATE PKWY 18TH AVE OR SPRINGFIELD AVE 18TH AVE

Heating & Cooling

  • Cooling Type: 4 Units, No Cooling
  • Heating Type: 4+ Units, Radiators - Steam
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

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

Structural Information

  • Architectural Style: Fourplex
  • Exterior Const.: Aluminum Siding, Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Walk-Out
  • Roof: Asphalt Shingles
  • Year Built: 1930
  • Remodeled/Updated: 2025

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 64.5 x 49
  • Driveway/Sidewalk: 1 Car Width
  • Zoning: R4
  • Lot Description: Level Lot

Financial Considerations

  • Operating Expenses: $999,999
  • Assessment Amount: $286,800
  • Land Assmt: $20,300
  • Tax Amount: $11,679
  • Tax Year: 2024

Disclosures and Reports

  • Exclusions: OWENER POSSESSIONS ( SELLER IS OPEN TO SELLING FURNITURE & FIXTURES)
  • Disclosures: Yes
  • Block: 360
  • Lot Number: 5

Listed by Re/Max First Realty Ii

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Listing agent

— 539-541 18th Ave —

  • Re/Max First Realty Ii

908-664-1500

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 539-541 18th Ave

School District:Newark City School District
NameGradesDistance
South Seventeenth Street Elementary School
619 South 17th Street, Newark, NJ 07103
K-40.2 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-60.6 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-80.7 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-120.7 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-120.8 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-121.2 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-80.9 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-81 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-81.2 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 539-541 18th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Listed
$899,500
68.13%
MLS
7/12/2021
Sold
$535,000
—
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 539-541 18th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,679
2%
$307,100
—
2022
$11,473
40%
$307,100
—
2021
$8,167
—
$307,100
35%
2021
$8,167
34%
$227,200
—
2021
$6,079
-28%
$227,200
—
2018
$8,390
4%
$227,200
—
2017
$8,088
3%
$227,200
—
2016
$7,816
-9%
$227,200
—
2019
$8,545
14%
$227,200
—
2015
$7,518
12%
$227,200
—
2013
$6,709
—
$227,200
—
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 for 539-541 18th Ave

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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 Re/Max First Realty Ii

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539-541 18th Ave, Newark, NJ 07103 (MLS# 4011619) is a Multi-Family property with 4 units containing 9 bedrooms and 4 full bathrooms. 539-541 18th Ave is currently listed for $899,500 and was received on February 26, 2026. Want to learn more about 539-541 18th Ave? Do you have questions about finding other Multi-Family 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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