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Property Description

A rare opportunity to acquire a fully income-producing mixed-use property in the heart of Downtown Newarks Arena District, steps from the Prudential Center and Mulberry Commons Park. 218 Mulberry Street offers immediate cash flow with significant long-term upside in one of Newarks most active redevelopment corridors. The property features a strong commercial anchor tenant generating approximately 240, 000 annually, plus four residential units above, providing a diversified income stream with total annual income of approximately 349, 200 and a net operating income of approximately 291, 900. Operating expenses are low, tenants pay all utilities, and the property is owner-managed. All leases are month-to-month, offering incoming ownership flexibility to lock in long-term leases, optimize rents, or reposition the asset. Located within a major redevelopment zone surrounded by substantial public and private investment, the property is widely regarded as a strategic parcel in the continued transformation of Downtown Newark. Ideal for 1031 exchange buyers, long-term hold investors, value-add strategies, or assemblage-minded buyers seeking stable income today with meaningful future potential.

Newark CityEssex
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Essex
Newark City
07102
07102
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218 Mulberry Street

Newark City, Essex, 07102, United States

$5,800,000
Listing ID #2011384
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2011384
Ref ID : 222528
Price : $5,800,000
MLS : 4004798
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