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Listed with Jorge Velasquez | 973-450-4000, RE/MAX Professionals 1
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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.
| DAYS ON MARKET | 3 | LAST UPDATED | 1/30/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 400 |
| COUNTY | ESSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 400 |
| HEAT | Baseboard, Electric |
| TAXES | 10077 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Sotheby's are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 2/1/26 7:46 PM PST Source: New Jersey Multiple Listing, Inc.
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