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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

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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
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
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
14-02701-0000-00041
Land Assessment
$164,116 CAD
Improvements Assessment
$109,410 CAD
Total Assessment
$273,526 CAD
  • Listing ID: 39586824

  • Date on Market: 2026-02-26

  • Last Updated:

  • Address: 493-495 Irvine Turner Blvd, Newark, NJ 07108

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