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858-860 S 18th St 858-860 S 18th St 6 Unit Apartment Building $2,213,424 CAD ($368,904 CAD/Unit) 7.95% Cap Rate Newark, NJ 07108

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INVESTMENT HIGHLIGHTS

  • Access & Connectivity
  • Recent Upgrades & Renovations
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Separately Metered Utilities
  • Quality of Life Amenities

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 858-860 S 18th Street in Newark, NJ (the “Property”). The multi-story building contains six (6) total units comprised of three (3) 4-Bedroom/2-Bathroom units and three (3) 3-Bedroom/2-Bathroom units situated upon a 0.11-acre parcel and offers on-street parking. 858 S 18th Street is strategically positioned in Newark’s West Ward, offering strong neighborhood visibility and convenient access to major transportation corridors. The property benefits from proximity to South Orange Avenue and Springfield Avenue, providing seamless connectivity to surrounding residential districts and local commercial amenities. Quick access to the Garden State Parkway, I-78, and Route 21 ensures efficient regional travel to Downtown Newark, Jersey City, and the broader New York Metropolitan Area. Nearby retail, public transit options, schools, and community services further support livability and enhance long-term tenant demand.

PROPERTY FACTS

Price $2,213,424 CAD
Price Per Unit $368,904 CAD
Sale Type Investment
Cap Rate 7.95%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.11 AC
Building Size 9,361 SF
Average Occupancy 100%
No. Stories 3
Year Built 1915
Walk Score®
Very Walkable (77)
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.®
  • Listing ID: 38695043

  • Date on Market: 2025-12-08

  • Last Updated:

  • Address: 858-860 S 18th St, Newark, NJ 07108

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