Date
Details
Price
Change
Source
1/30/2026
Listed
$699,900
—
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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$699,900 Just Listed
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Property Description
Excellent multifamily investment opportunity in Newark, NJ! Located at 83 Jay Street, this 6-unit income-producing property features six (6) 1-bedroom, 1-bathroom apartments, a highly desirable unit mix with strong rental demand. The building includes one detached garage, offering additional income potential. All units are equipped with baseboard heating for efficient and reliable tenant comfort. Situated in an established residential area with convenient access to public transportation, major highways, shopping, and employment centers. Ideal for investors seeking steady cash flow, long-term appreciation, and a buy-and-hold asset in a growing Newark rental market. Great opportunity to expand your multifamily real estate portfolio with a solid income property.
Full Property Details
Full Property Details for 83 Jay St
General
- Price: $699,900
- Taxes: $10,077 (2024)
- Status: Active
- Type: Apartment
- Source: Garden_State
- MLS ID: 4007535
- Updated: 1/30/2026
- Added to Site: 3 day(s) ago
Business
- Includes: Building & Land, See Remarks
Rooms
Bathrooms
- Total Bathrooms: 6
- Restrooms: 6
Additional Information
- Equipment: Smoke Detector
Parking
- Parking: 1 Car Width
Location
- County: Essex
- Driving Directions: Central Ave. to Jay St.
- Location Details: Residential Area
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Electric Baseboard
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, Cable TV, Fiber Optic
Structural Information
- Construction: See Remarks
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Flat
- Stories in Building: 3
Unit Information
- 1 Bedroom Units: 6
- Units w/Full Bath: 6
Lot Features
- Lot Size (Acres): 0.07
- Lot Size: 30X100
- Zoning: .
- Lot Description: Corner
Financial Considerations
- Assessment Amount: $265,000
- Land Assmt: $100,000
- Tax Amount: $10,077
- Tax Year: 2024
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses
- APN: 1614-02841-0000-00008-0000-
- Block: 2841
- Lot Number: 8
Listed by Re/Max Professionals I
We Value Your Privacy
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Listing agent
— 83 Jay St —
Re/Max Professionals I
973-450-4000
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 83 Jay St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 0.4 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.8 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.7 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 1.1 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.1 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.2 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.4 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 1.4 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 83 Jay St
Tax History
Tax History for 83 Jay St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,078
2%
$265,000
—
2023
$9,879
—
$265,000
—
2022
$9,900
—
$265,000
—
2021
$9,895
33%
$265,000
—
2021
$7,460
-43%
$265,000
-25%
2018
$13,081
31%
$354,200
34%
2019
$9,967
-21%
$265,000
-25%
2017
$12,610
3%
$354,200
—
2016
$12,184
4%
$354,200
—
2015
$11,720
12%
$354,200
—
2013
$10,460
—
$354,200
—
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 83 Jay St
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- Commercial
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- Multi-Family
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Listed by Keller Williams Park Views
83 Jay St, Newark, NJ 07103 (MLS# 4007535) is a Apartment property. 83 Jay St is currently listed for $699,900 and was received on January 30, 2026. Want to learn more about 83 Jay St? Do you have questions about finding other Apartment real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.