$650,000
PENDING

113 Elizabeth Ave Newark, NJ 07108

Clinton Hill Neighborhood

Estimated payment $4,037/month

Total Views 2,994
6 Beds
3.5 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

This 4-story mixed-use building offers incredible potential for investors and visionary buyers alike. Located on a high-visibility, high-traffic street just minutes from downtown Newark and major landmarks like the Prudential Center, NJPAC, and municipal buildings, the property presents a canvas ready for transformation.The building features three residential units above, each with two bedrooms and one full bath, plus a former barbershop on the ground floor perfect for a commercial storefront or office space. All units require upgrades and renovation, giving new ownership the chance to reimagine and reposition the property for today's market.Delivered completely vacant at closing, this property offers flexibility and the opportunity to achieve strong market rents after renovation. Whether you're looking to build a rental portfolio, operate your own business, or both this is the one to see. Rents noted are suggested amounts.

Listing Agent

Michele Chiles-Hickman

BHHS FOX & ROACH Brokerage Phone: 201-463-0958 Listed on: 06/09/2025

BHHS FOX & ROACH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,872

Year Built

  • Built in 1920

Lot Details

  • 27 Sq Ft Lot
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

  • Multiple Heating Units
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • Net Operating Income $66,300

Listing and Financial Details

  • Assessor Parcel Number 1614-02672-0000-00026-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,872

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Unit Style: Fourplex
  • Year Built: 1920
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 113
  • Directions: Clinton Ave or W Runyon to Elizabeth
  • I D: 5356555
  • Modified: 2025-09-13
  • Number Images: 23
  • Attribution Contact: 201-463-0958
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
  • Total Number Rooms: 17
  • Bedrooms: 6
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Metal Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Parking Driveway Description: On-Street Parking

Utilities

  • Fuel Type: Gas-Natural
  • Heating: 4+ Units
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 27.7X100
  • Assessed Improvement Value: 125700
  • Assessed Land Value: 55000
  • Assessment: 180700
  • Easement: Unknown
  • Lot Identifier: 26
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6872
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-02672-0000-00026-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 4

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2025 09/13/25 Pending -- -- --
07/31/2025 07/31/25 Price Changed $650,000 -7.0% --
06/11/2025 06/11/25 For Sale $699,000 -- --
Source: Garden State MLS

Source: Garden State MLS

MLS Number: 3968168

Garden State MLS
New Jersey Essex County Newark 07108 Clinton Hill

113 Elizabeth Ave, Newark, NJ

This home is located at 113 Elizabeth Ave, Newark, NJ 07108 and is currently priced at $650,000. This property was built in 1920. 113 Elizabeth Ave is a home located in Essex County with nearby schools including Louise A. Spencer School, Belmont Runyon School, and Peshine Avenue Elementary School.

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Michele Chiles-Hickman
Listing Agent
Michele Chiles-Hickman
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BHHS FOX & ROACH
(862) 375-4943