549 Orange Avenue, Newark, NJ 07103 - Photo 1

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1/21

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$1,099,000

For Sale
Active
Retail

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1/21

Property Description

Seize a rare opportunity to own a brand-new, cash-flowing mixed-use property in Newark'â‚¬™s South Orange Avenue corridor! Built in 2024, 549 S Orange Ave delivers $6,900/month from three luxury apartments, each leased at $2,300/month on secure 3-year terms through 2027. The ground floor offers two versatile commercial spaces 'â‚¬" a 1,132 SF retail unit and a 511 SF office suite 'â‚¬" currently owner-occupied and actively marketed for lease, creating immediate upside potential. Investors also benefit from a 5-year tax abatement (0% Year 1, phasing to 80% by Year 5), keeping operating costs low and boosting returns. With ~3,779 SF, central air, natural gas heat, sprinklers, fire alarms, underground utilities, and off-street parking, this turnkey investment is designed for long-term value. Zoned C-2 and ideally positioned near Rutgers, University Hospital, downtown Newark, transit, and major highways, it'â‚¬™s perfect for investors or owner-users seeking stable income today and growth tomorrow. Offered at $1,299,000 'â‚¬" don'â‚¬™t miss this rare chance to secure a new-construction, income-producing asset in one of Newark'â‚¬™s fastest-growing markets!

Full Property Details

Full Property Details for 549 Orange Ave

General

Price: $1,099,000
Status: Active
Type: Retail
Source: NJMLS
MLS ID: 25030288
Updated: 1/7/2026
Added to Site: 143 day(s) ago

Location

Area: Newark
County: ESSEX

Heating & Cooling

Heating Type: Central Air, Gas

Utilities

Utility Description: Sep Elec, Sep Gas, Sep Water

Structural Information

Architectural Style: Retail
Description/Design: Other

Water Features

Water Front Desc.: None

Disclosures and Reports

Ownership: Private
Flood Zone: None

Listed by FloroStone Realty, Inc. (908) 445-5339, Ricardo Sosa (908) 943-2975

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Listing agent

— 549 Orange Ave —

Ricardo Sosa

FloroStone Realty, Inc.

908-943-2975

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NMLS#: 1598647

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Schools

Schools serving 549 Orange Ave

School District:Newark City School District

Name	Grades	Distance
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	0.3 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	0.6 mi
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	0.7 mi
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106	K-8	1.3 mi
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106	PK-8	1.5 mi
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	1.8 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	1.8 mi
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106	PK-8	1.9 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1.9 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 549 Orange Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/16/2025

Price Reduced

$1,099,000

-15.4%

MLS

8/25/2025

Listed

$1,299,000

3611.43%

MLS

8/05/2019

Sold

$35,000

—

Public Record

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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 549 Orange Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$19,623

1216%

$516,000

1190%

2023

$1,491

—

$40,000

—

2022

$1,494

—

$40,000

—

2021

$1,494

33%

$40,000

—

2021

$1,126

-25%

$40,000

—

2019

$1,504

$40,000

—

2018

$1,477

$40,000

—

2017

$1,424

-25%

$40,000

-27%

2016

$1,892

$55,000

—

2015

$1,820

12%

$55,000

—

2013

$1,624

—

$55,000

—

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 549 Orange Ave

549 Orange Avenue, Newark, NJ 07103 (MLS# 25030288) is a Retail property. 549 Orange Avenue is currently listed for $1,099,000 and was received on August 25, 2025. Want to learn more about 549 Orange Avenue? 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.

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549 Orange Ave Newark, NJ 07103