Estimated payment $5,693/month
About This Home
67 Broadway, Newark, NJ is a prime mixed-use investment property in the heart of the Mount Pleasant / Lower Broadway neighborhood — one of Newarkâ€TMs most dynamic and rapidly developing corridors. Just steps from Rutgers University and 10 minutes from Downtown Newark, this building offers a rare combination of residential and commercial upside in a community where new luxury apartments, restaurants, and retail spaces are reshaping the local landscape. The property includes two residential units: the second floor features a spacious 4-bedroom, 1-bath apartment currently vacant and ready for market-rate occupancy, while the third floor hosts a 3-bedroom, 1-bath unit rented month-to-month at $2,200 with the flexibility to be delivered vacant. The first-floor commercial space is scheduled to open in November as a restaurant. The tenants have already made significant investments into upgrading the space, delivering built-in value and long-term stability for the next owner. Recent improvements and highlights include separate utilities, independent heating systems, and a new roof installed in 2023, as well as ongoing updates throughout the property. With strong rental demand fueled by proximity to Rutgers University, Downtown Newark, and nearby transit hubs, 67 Broadway stands as a turnkey opportunity in one of Newarkâ€TMs most promising neighborhoods.
Property Details
Property Type
- Other
Est. Annual Taxes
- $12,983
Home Design
- Asphalt
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,566 | $341,400 | $59,400 | $282,000 |
| 2024 | $9,566 | $341,400 | $59,400 | $282,000 |
| 2022 | $9,587 | $256,600 | $59,400 | $197,200 |
| 2021 | $9,581 | $256,600 | $59,400 | $197,200 |
| 2020 | $11,073 | $291,400 | $59,400 | $232,000 |
| 2019 | $10,960 | $291,400 | $59,400 | $232,000 |
| 2018 | $10,761 | $291,400 | $59,400 | $232,000 |
| 2017 | $12,332 | $346,400 | $59,400 | $287,000 |
| 2016 | $11,916 | $346,400 | $59,400 | $287,000 |
| 2015 | $11,462 | $346,400 | $59,400 | $287,000 |
| 2014 | $10,742 | $346,400 | $59,400 | $287,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2025 10/08/25 | Off Market | $875,000 | -- | -- |
| 10/04/2025 10/04/25 | For Sale | $875,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $550,000 | American Land Title | |
| Deed | $121,000 | -- | |
| Deed | $180,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $175,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $550,000 | VA | |
| Previous Owner | $150,500 | FHA | |
| Previous Owner | $179,000 | Commercial |
Source: New Jersey MLS
MLS Number: 25035563
APN: 14-00449-0000-00062
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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