496 Orange St, Newark City, NJ 07107
Essex County
Key Facts
Description
Prime Development opportunity in the heart of Newark. This 2505 SQ FT lot is located in a C2 Commercial/Residential Zone, offering allows for up to 8 stories and the possibility to build up to 15 residential units with a commercial space on the ground floor. One of the key advantages of this property is that no parking is required, making it highly attractive for developers looking to maximize the building footprint and unit count. Strategically located on Orange street, with convenient access to major highways, public transportation, universities, hospitals, and ongoing redevelopment project throughout the area. This location continues to experience strong grow and investment, making it an ideal opportunity for a forward thinking development project. Buyer to perform their own diligence with the City Of Newark regarding Zoning, approvals , and development potential.
Property Information
Property Type
Land
Lot Size
0.06 acres
Days on Market
92
MLS® Listing#
4014231
Property Features
Lot Features
Financial Details
Annual Taxes
$1,915
Tax year 2025
Assessed Value
$47,900
Parcel Number
1614-01889-0001-00003-0000-
Directions
from Roseville ave to Orange st.
Affordability Calculator
$80,000
Estimated monthly payment
$2,129/mo
Principal $320,000 · Est. interest $446,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,296
- Median Listing Price
- 49
- Median Days on Market
- 1,369
- Median Sq Ft
- $425
- Median Price / Sq Ft
- 3,196
- Active Listings
- This home’s price is 35% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
New Testament Church School
School · 0.1 mi away
Roseville Community Charter School
Elementary · 0.1 mi away
Leaguers Inc
School · 0.2 mi away
Dr. E. Alma Flagg School
Elementary · 0.2 mi away
Essex County Donald M. Payne Sr. School of Technology
Secondary · 0.2 mi away
Sussex Avenue School
Elementary · 0.2 mi away
Lead Charter School
School · 0.4 mi away
Martin Luther King Junior Elementary School
Elementary · 0.5 mi away
Dr. William H. Horton Elementary School
Elementary · 0.5 mi away
Philip's Academy Charter School
Elementary · 0.6 mi away
University Heights Charter School
School · 0.6 mi away
Kipp Newark Lab High School
Secondary · 0.6 mi away
Barringer High School
Secondary · 0.7 mi away
Gordon Parks Academy
School · 0.7 mi away
Garvin Elementary School
Elementary · 0.7 mi away
Essex County Day Training Center
Secondary · 0.7 mi away
Marion P. Thomas Charter School
School · 0.7 mi away
Saint Vincent Academy
School · 0.7 mi away
East Orange Community Charter School
School · 0.8 mi away
McKinley Elementary School
Elementary · 0.8 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 151 Kingsley St, Long Branch City, NJ | $280,000 | — | — | — |
| 2402 Auburn Terrace, Atlantic City, NJ | $280,000 | 6 | 2 | 1,893 |
| 275 N Maple Ave, East Orange City, NJ | $280,000 | — | — | — |
| 5 Linden St 3J, Hackensack City, NJ | $280,000 | 1 | 1 | — |
| 113-115 7th Terrace, Egg Harbor City, NJ | $280,000 | 2 | 2 | 1,322 |
| 113 7th, Egg Harbor City, NJ | $280,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: REALTY ONE GROUP LEGEND - 9737720660