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$1,149,000
83 Jay Street, Newark, NJ, 07103
MLS# 26032618
0.069 acres (3,000 sqft)
Lot Size
Commercial — Industrial
Property Type
Description
INVESTOR ALERT! Well-maintained and recently updated 6-unit multifamily property offering an attractive unit mix and income-producing potential. The property features 2 1BR/1bath units and 4 2BR/1bath units, providing a desirable mix for a variety of tenants. Each unit has two means of egress, adding functionality and convenience. The property also includes three detached garage spaces, offering valuable off-street parking and additional storage potential. Recent updates make this an excellent opportunity for investors seeking a multifamily asset with multiple income-producing units. Conveniently located near transportation, shopping, schools, and major roadways.
Tax & Financial Information
| Annual Property Taxes | $10,078 (NJ Public Records) |
| Tax Assessment | $265,000 |
| Land Assessment | $100,000 |
| Original List Price | $1,199,900 |
| Listed | September 29, 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: 10/20/2026.
Total Monthly Cost
$8,239/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $229,800 | Loan: $919,200
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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Property listings provided by GardenState.ai through authorized access to NJMLS.
Brokerage: Better Homes and Gardens Real Estate Green Team — 293 Route 94, Vernon, NJ 07462
Real Estate Agent: Julio Reynoso
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