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$1,350,000
221 Sussex Avenue, Newark, NJ, 07103
MLS# 26017880
0.057 acres (2,500 sqft)
Lot Size
Commercial — Retail
Property Type
Description
Exceptional mixed-use investment opportunity in Newark's thriving University Heights neighborhood! 221 Sussex Avenue features four residential units and one ground-floor commercial space, creating multiple income streams and strong cash-flow potential. Conveniently located near universities, downtown Newark, public transportation, major highways, and ongoing redevelopment projects, this property is positioned in one of the city's most desirable rental markets. Whether you're an experienced investor or looking to expand your portfolio, this property offers a combination of stable income, future appreciation potential, and long-term value. Don't miss this opportunity to own a well-located mixed-use asset in a growing community. Also available is the neighboring property at 219 Sussex Avenue. Purchase one or both, as the seller prefers a package sale of these side-by-side properties for maximum investment potential.
Tax & Financial Information
| Annual Property Taxes | $13,679 (NJ Public Records) |
| Tax Assessment | $359,700 |
| Land Assessment | $42,500 |
| Listed | May 27, 2026 |
Listing Information
Listing Office: RE/MAX Professionals 1 — 973-450-4000
Listing Agent: Jorge Velasquez — 973-450-4000 — jvelasquez21@verizon.net
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 6/15/2026.
Total Monthly Cost
$9,833/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $270,000 | Loan: $1,080,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Newark
Northeast Corridor / PATH
Newark Penn Station
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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Information deemed reliable but not guaranteed. Last date updated: 10/26/2026.
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