Log In/Sign Up
Your email has been sent.
493-495 Irvine Turner Blvd 493-495 Irvine Turner Blvd 6 Unit Apartment Building $1,705,625 CAD ($284,271 CAD/Unit) 6.71% Cap Rate Newark, NJ 07108



Investment Highlights
- Access & Connectivity
- Recently Renovated Property
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Off-Street Parking & Garage
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 493-495 Irvine Turner Boulevard in Newark, NJ (the “Property”). The three-story building contains five (5) 3-Bedroom/1.5-Bathroom units and one (1) 2-Bedroom/1.5 Bathroom unit as well as a laundry room in the basement. The Property is situated upon a 0.15-acre parcel and offers ample parking via four (4) garage spaces and four (4) surface parking spaces. 493–495 Irvine Turner Boulevard is well-positioned along a major arterial corridor near downtown Newark, offering strong visibility and convenient access to surrounding neighborhoods and key employment centers. The property benefits from immediate proximity to I-280, Route 21, the Garden State Parkway, and the New Jersey Turnpike, providing efficient regional connectivity throughout Essex County, northern New Jersey, and into New York City. Nearby retail, dining, educational institutions, and community amenities, along with access to public transportation, further enhance livability and tenant appeal.
Property Facts
| Price | $1,705,625 CAD | Building Class | C |
| Price Per Unit | $284,271 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| Cap Rate | 6.71% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2016 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Zoning | commercial - Multi-family | ||
| Price | $1,705,625 CAD |
| Price Per Unit | $284,271 CAD |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2016 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | commercial - Multi-family |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 14-02701-0000-00041 | Improvements Assessment | $109,410 CAD |
| Land Assessment | $164,116 CAD | Total Assessment | $273,526 CAD |
Property Taxes
Parcel Number
14-02701-0000-00041
Land Assessment
$164,116 CAD
Improvements Assessment
$109,410 CAD
Total Assessment
$273,526 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
493-495 Irvine Turner Blvd | 493-495 Irvine Turner Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
