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Downtown Newark Multifamily Homes & Duplexes for Sale

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  • /40

    $988,818

    • 9 Beds
    • 4 Baths

    8 Elm St, Newark, NJ 07102

    Location is everything, and this property delivers unparalleled convenience and lifestyle benefits. Situated in the heart of Newark, it's within walking distance of the Prudential Center and Newark Penn Station, connecting you effortlessly to New York City and beyond. Just an 8-minute drive to Newark Liberty International Airport and with easy access to I-78, the Garden State Parkway, and the New

    YOANN URIBE ESTATES PRIME REALTY

    8 Elm St, Newark, NJ 07102
  • /12

    $629,900

    • 5 Beds
    • 4.5 Baths

    81 Columbia St, Newark, NJ 07102

    Situated in downtown Newark, only a few blocks away from City Hall, Newark Penn Station and Prudential Center. 3 unit property ready for a buyer with ideas. Each apartment offers 2 bedrooms, 1 bathroom, living room and kitchen area. Property fully rented.

    Candido Couto EXIT REALTY LUCKY ASSOCIATES

    81 Columbia St, Newark, NJ 07102

Why Live in Downtown Newark

Downtown Newark, set against the Passaic River, is a dynamic neighborhood experiencing significant transformation. Known for its urban lifestyle, it houses Prudential Financial’s headquarters, federal agencies, and key cultural venues. The area boasts a variety of dining options, including the popular Fernandes Steakhouse and the iconic Tops Diner. Whole Foods Market and boutique shops along Broad and Market streets cater to residents' shopping needs. Nearby Ironbound offers a rich Portuguese culinary scene and hosts the annual Portuguese Day festival. Downtown Newark provides more space compared to New York City, with housing styles ranging from condominiums to single-family homes in Colonial Revival, Cape Cod, and modern contemporary designs. The neighborhood has seen a reduction in crime rates due to increased patrols and community initiatives, making it safer than the national average. Cultural and artistic venues such as Military Park, The Newark Museum of Art, and the New Jersey Performing Arts Center contribute to the lively atmosphere. Sports fans can catch New Jersey Devils games at the Prudential Center. Commuting is convenient with major highways like Interstate 287 and Garden State Parkway, numerous bus stops, and a train station, making it a popular choice for those working in New York City. The area offers a range of schools, including several charter schools, though public options like Oliver Street School and Central High School have moderate ratings.

Home Trends in Downtown Newark, NJ

Housing Trends

Median Sale Price
$359,000
Median Single Family Sale Price
$834,394
Median Townhouse Sale Price
$415,560
Median 2 Bedroom Sale Price
$364,950
Median 1 Bedroom Sale Price
$260,000
Average Price Per Sq Ft
$243
Number of Homes for Sale
6
Last 12 months Home Sales
7
Months of Supply
10.30
Median List Price
$360,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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