$1,490,000

415 Central Ave Newark, NJ 07107

Fairmount Neighborhood

Estimated payment $8,862/month

Total Views 3,039
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Prime Mixed-Use Investment Opportunity in the Heart of Newark! A rare mixed-use building with strong potential just moments from University Heights, Rutgers, NJIT, major hospitals, and Newarka€TMs top entertainment hubs, including NJPAC and Prudential Center. This well-maintained, recently renovated asset features two spacious residential unitsa€”each with 4 bedrooms, 2 full baths, new central air, and forced hot aira€”ideal for tenants, student housing, or corporate use. The ground level offers approx. 3,000 SF of commercial space, formerly a lounge, with two bar setups and a flexible layout. Whether youa€TMre an investor or entrepreneur, this is a blank canvas ready for your vision. Located in a high-traffic area with excellent transit access, this is a standout opportunity in one of Newarka€TMs most dynamic neighborhoods. Key Highlights: Immediate occupancy, Two renovated 4BR/2BA units - current rent roll = $3,300 p/unit, 3,000 SF commercial space, Near major schools, hospitals, transit & entertainment.

Listing Agent

joseph burgos

Burgos Realty Company Listed on: 04/07/2025

Co-Listing Agent

Desiree Burgos

Burgos Realty Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,918

Home Design

  • Flat Roof Shape

Property Details

Property Type

Other

Est. Annual Taxes

$11,918

Lot Details

0

Listing Details

  • Property Type: 5+ Mixed Use
  • Co List Office Mls Id: 3948
  • Co List Office Phone: 973-337-6472
  • MLS Status: Active - Active
  • Directions: GSPWKY OR 280 TO CENTRAL AVE
  • Year Built Details: 1970's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Roof: Flat

Lot Info

  • Lot: 23

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
04/23/2025 04/23/25 For Sale $1,490,000 0.0% --
04/16/2025 04/16/25 Off Market $1,490,000 -- --
04/07/2025 04/07/25 For Sale $1,490,000 -- --
Source: New Jersey MLS

Source: New Jersey MLS

MLS Number: 25011355

New Jersey MLS
New Jersey Essex County Newark 07107 Fairmount

415 Central Ave, Newark, NJ

This home is located at 415 Central Ave, Newark, NJ 07107 and is currently priced at $1,490,000. 415 Central Ave is a home located in Essex County with nearby schools including Sir Isaac Newton Elementary School, Camden Street Elementary School, and Cleveland Elementary School.

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New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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Listing Agent
joseph burgos
Section Image
Burgos Realty Company
(862) 354-8336