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$899,000 Just Listed

  • For Sale
  • Active
  • Commercial
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An outstanding investment opportunity awaits with this prime five-unit mixed-use property, offering strong, diversified revenue streams and high cash-flow potential. The building features three prominent ground-floor retail spaces alongside two spacious upper-level residential apartments, each offering a desirable two-bedroom, one-bathroom layout that easily attracts reliable, long-term tenants. With the commercial tenants responsible for paying all of their own utilities, operating overhead remains exceptionally low, allowing investors to maximize net operating income from day one. Whether you are expanding an established commercial portfolio or looking for a high-performing multi-family asset, this income producer delivers the ideal blend of tenant stability, utility-split efficiency, and long-term financial growth.

Full Property Details for 948 S Orange Ave

General

  • Price: $899,000
  • Taxes: $10,597 (2025)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 4056861
  • Updated: 10/5/2026
  • Added to Site: 1 day(s) ago

Business

  • Includes: Building Only

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Restrooms: 5

Additional Information

  • Equipment: Fire Alarm

Parking

  • Parking: None, On-Street Parking

Location

  • County: Essex
  • Driving Directions: across the street from white castle. closest crass street is across south Clinton st
  • Location Details: Business District, Strip Mall

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

Structural Information

  • Construction: Wood
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Flat
  • Ceiling Height: 9
  • Door Dimensions: 80
  • Stories in Building: 3
  • Square Feet: 4,700
  • Aprox. Leasable: 4,700 Sq. Ft.
  • Office: 2,000 Sq. Ft.
  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size: .07
  • Zoning: Commercial

Financial Considerations

  • Price Per Sq. Ft.: $191
  • Assessment Amount: $265,000
  • Land Assmt: $48,600
  • Tax Amount: $10,597
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Leases
  • APN: 1614-04065-0000-00004-0000-
  • Block: 4065
  • Lot Number: 4

Listed by Menza Realty

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Listing agent

— 948 S Orange Ave —

  • Menza Realty

973-926-2400

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 948 S Orange Ave

School District:Newark City School District
NameGradesDistance
Lincoln Elementary School, Newark, NJ
87 Richelieu Terrace, Newark, NJ 07106
K-80.5 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-80.6 mi
Ivy Hill Elementary School
107 Ivy Street, Newark, NJ 07106
PK-80.8 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-121.3 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-122.1 mi
Barringer High School
90 Parker Street, Newark, NJ 07104
9-122.6 mi
Mount Vernon Elementary School
142 Mount Vernon Place, Newark, NJ 07106
PK-81.1 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-81.6 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-81.8 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 948 S Orange Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/05/2026
Listed
$899,000
139.73%
MLS
7/20/2018
Sold
$375,000
—
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 948 S Orange Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,597
7%
$265,000
—
2022
$9,900
2%
$265,000
—
2021
$9,682
34%
$265,000
—
2021
$7,247
-27%
$265,000
—
2019
$9,967
2%
$265,000
—
2018
$9,786
4%
$265,000
—
2017
$9,434
3%
$265,000
—
2016
$9,116
4%
$265,000
—
2015
$8,769
7%
$265,000
—
2014
$8,218
—
$265,000
—
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 Menza Realty

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948 S Orange Ave, Newark, NJ 07106 (MLS# 4056861) is a Commercial property. 948 S Orange Ave is currently listed for $899,000 and was received on October 05, 2026. Want to learn more about 948 S Orange Ave? 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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