661 South 18th Street, Newark, NJ 07103 - Photo 1

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$949,900 -$50,000 (-5%) Price Reduced

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Active
Commercial

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Property Description

Mixed-use investment opportunity featuring a well-located property comprised of four residential units and a ground-floor commercial space. The commercial unit is currently occupied by a convenience store, providing steady income, while one of the four residential apartments is leased with additional upside through lease-up of the remaining units.The property also includes a detached garage and private driveway, offering valuable off-street parking for tenants or additional rental potential. Ideal for investors seeking a value-add opportunity with existing income and strong future cash flow potential. Lease income details available upon request. The buyer will be responsible for verifying the bed count for the residential apartment units with the city.

Full Property Details

Full Property Details for 661 S 18th St

General

Price: $949,900
Taxes: $19,003 (2025)
Status: Active
Type: Commercial
Source: Garden_State
MLS ID: 4019032
Updated: 5/5/2026
Added to Site: 30 day(s) ago

Business

Includes: Building & Land

Rooms

Bathrooms

Total Bathrooms: 4

Additional Information

Equipment: See Remarks

Parking

Garage Spaces: 2
Parking: 1 Car Width

Location

County: Essex
Driving Directions: At the corner of 18th street and 18th Avenue
Location Details: Corner

Heating & Cooling

Cooling Type: No Cool, Window A/C(s)
Heating Type: Baseboard - Hotwater
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Natural Gas

Structural Information

Construction: See Remarks
Exterior Const.: See Remarks
Basement: Yes
Basement Desc.: Unfinished
Roof: Flat, See Remarks
Stories in Building: 3
Square Feet: 8,500

Unit Information

Units w/Full Bath: 4

Lot Features

Lot Size: 5001
Zoning: 4C

Financial Considerations

Price Per Sq. Ft.: $117
Assessment Amount: $499,700
Land Assmt: $60,000
Tax Amount: $19,003
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: No Documents Available, See Remarks
Block: 351
Lot Number: 29

Listed by Sji Jackson Real Estate

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Schools

Schools serving 661 S 18th St

School District:Newark City School District

Name	Grades	Distance
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	0.1 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	0.8 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	0.8 mi
West Side High School 403 South Orange Avenue, Newark, NJ 07103	9-12	0.7 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1.4 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	0.8 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	0.9 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	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 661 S 18th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/05/2026

Price Reduced

$949,900

-5%

MLS

4/07/2026

Listed

$999,900

-33.34%

MLS

6/07/2022

Sold

$1,500,000

—

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 661 S 18th St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$19,004

$499,700

—

2022

$18,669

—

$499,700

—

2021

$18,659

33%

$499,700

—

2021

$14,067

-24%

$499,700

—

2018

$18,454

$499,700

—

2017

$17,789

$499,700

—

2016

$17,190

$499,700

—

2015

$16,535

-12%

$499,700

—

2019

$18,794

27%

$499,700

—

2013

$14,756

—

$499,700

—

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 661 S 18th St

661 South 18th Street, Newark, NJ 07103 (MLS# 4019032) is a Commercial property. 661 South 18th Street is currently listed for $949,900 and was received on April 07, 2026. Want to learn more about 661 South 18th Street? 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.

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661 S 18th St Newark, NJ 07103