42-46 Smith Street
$800,000
42-46 Smith St, Newark, NJ 07106
9,000 sqft
Building Size
0.1722 acres
Lot Area
Details:
Highlights:
- 8-unit multifamily property with strong in-place income
- Oversized 75’ x 100’ lot with excess land
- Fully occupied with month-to-month tenants
- Value-add opportunity through renovations and repositioning
- Located in Newark with access to major transportation corridors
Description:
Well-located 8-unit multifamily property at 42–46 Smith Street in Newark, NJ. The asset is fully occupied with month-to-month tenancies, providing immediate cash flow and flexibility for repositioning.
The property sits on an oversized 75’ x 100’ lot with a relatively low existing footprint, offering potential for future expansion or redevelopment (subject to zoning). Investors have the opportunity to enhance value through targeted capital improvements and operational optimization.
Ideal for value-add investors seeking to increase rents, improve efficiencies, and capitalize on long-term appreciation in a growing Newark submarket.
Well-located 8-unit multifamily asset in Newark’s West Ward, offering strong in-place income with upside through renovation and operational improvements. Situated on an oversized 75’ x 100’ lot with potential for future repositioning.
Location
