221 Sussex Ave, Newark City, NJ 07103
Essex County
Key Facts
Description
Located just steps from University Heights, 221 Sussex Avenue presents a prime opportunity to own a high-yielding mixed-use property in one of Newark's most desirable investment corridors. This well-positioned building offers a total of six units, including four residential apartments and one commercial storefront, making it a versatile asset for both seasoned and first-time investors. 221 Sussex Ave offers long-term upside with immediate rental income potential. Positioned adjacent to 219 Sussex Ave, this property is also ideal for investors seeking to consolidate holdings in a high-growth area.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1950
Stories
3
Lot Size
0.06 acres
Ownership
Fee Simple
MLS® Listing#
4030367
Property Features
Heating
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$13,679
Tax year 2024
Assessed Value
$359,700
Parcel Number
1614-02848-0000-00036-0000-
Directions
Norfolk St. to Sussex Ave.
Affordability Calculator
$270,000
Estimated monthly payment
$7,185/mo
Principal $1,080,000 · Est. interest $1,506,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $615,097
- Median Listing Price
- 49
- Median Days on Market
- 1,385
- Median Sq Ft
- $417
- Median Price / Sq Ft
- 3,231
- Active Listings
- This home’s price is 119% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 221 Sussex Ave, Newark City, NJ 07103
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Philip's Academy Charter School
Elementary · 0.2 mi away
Kipp Newark Lab High School
Secondary · 0.2 mi away
Sussex Avenue School
Elementary · 0.2 mi away
Marion P. Thomas Charter School
School · 0.3 mi away
University Heights Charter School
School · 0.3 mi away
Dr. E. Alma Flagg School
Elementary · 0.3 mi away
Saint Vincent Academy
School · 0.4 mi away
McKinley Elementary School
Elementary · 0.4 mi away
Essex County Donald M. Payne Sr. School of Technology
Secondary · 0.5 mi away
New Testament Church School
School · 0.5 mi away
Martin Luther King Junior Elementary School
Elementary · 0.6 mi away
Roseville Community Charter School
Elementary · 0.6 mi away
Barringer High School
Secondary · 0.6 mi away
Science Park High School
Secondary · 0.6 mi away
Paulo Freire Charter School
Secondary · 0.6 mi away
Burnet Street Elementary School
Elementary · 0.6 mi away
Essex County Newark Tech
Secondary · 0.6 mi away
Leaguers Inc
School · 0.6 mi away
Lead Charter School
School · 0.7 mi away
Franklin Elementary School
Elementary · 0.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 51 Simpson Road 2, Ocean City, NJ | $945,000 | 3 | — | — |
| 206 SHERMAN AVE 1, Jersey City, NJ | $949,000 | 3 | 3 | 1,300 |
| 77 HUDSON ST PH4807, Jersey City, NJ | $949,000 | 1 | 2 | 915 |
| 119 Rock Hill Rd, Clifton City, NJ | $949,000 | 4 | 3 | — |
| 569 Berkeley Ave, City Of Orange Twp., NJ | $949,000 | 7 | 5 | — |
| 14 Spencer St, Elizabeth City, NJ | $949,000 | 6 | 5 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: RE/MAX PROFESSIONALS I - 9734504000