558 South 18th Street

Newark, NJ 07103

$1,350,000
Price
4
Beds
3
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 558 S 18th St, a mixed-use property being sold along with 286-290 16th Ave. Offering two exceptional properties offering a prime opportunity for both business and residential investment. 558 S 18th St offers a full, unfinished basement with a spacious commercial unit on the ground floor, a 2-bredroom 2-bathroom apartment on the 2nd floor, and a 2-bedroom 1-bathroom on the 3rd floor. Conveniently located on the corner of 18th St and 16th Ave, this property enjoys prime visibility and accessibility,...Welcome to 558 S 18th St, a mixed-use property being sold along with 286-290 16th Ave. Offering two exceptional properties offering a prime opportunity for both business and residential investment. 558 S 18th St offers a full, unfinished basement with a spacious commercial unit on the ground floor, a 2-bredroom 2-bathroom apartment on the 2nd floor, and a 2-bedroom 1-bathroom on the 3rd floor. Conveniently located on the corner of 18th St and 16th Ave, this property enjoys prime visibility and accessibility, attracting both clients to the commercial space and residents seeking convenience and connectivity. Whether you're an investor seeking a lucrative income property or a business owner looking to establish a presence in a thriving community, this property presents an unparalleled opportunity. Don't miss out on the chance to own this exceptional mixed-use property, schedule a showing today and unlock its full potential.
  1. Listed by RIYERBIN TINEO • LIM BANCES REALTY

Property Details for 558 South 18th Street

Directions
Grove St. to 16th Ave.
Days On Market
0

Location

Listing Courtesy of LIM BANCES REALTY, RIYERBIN TINEO
Add your commute
LISTING UPDATED: 05/16/2024 06:57 PM

Property Details for 558 South 18th Street

StatusActive
MLS #3902498
Days on Market16
Taxes$9,096 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1930
Lot Size0.03 AC / 1,306 SF
CountyEssex County

Location

Listing Courtesy of LIM BANCES REALTY, RIYERBIN TINEO
Add your commute

Building Information for 558 South 18th Street

Stories-Residences3Year Built1930Building Size-Lot Size0.03 AC / 1,306 SF

Payment Calculator

$8,126 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$758

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 558 South 18th Street

Summary
Location and General Information
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 341
  • Listing Type: Exclusive Right to Sell
  • Color of Building: Blue
  • Town #: 1614.0
  • Street # Display: 558.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: S 18th St
  • Zip Code: 07103-1126
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $9,096
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 244000.0
  • Tax ID For Property: 1614-00341-0000-00001-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: None
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 1
  • Approximate Lot Size: 24.9X47.6
  • Total Acres: 0.03
  • Construction Date/Year Built: 1930
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 221200.0
  • Assessment Land: 22800.0
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Heating: 3 Units, Floor/Wall Heater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stucco
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Full, Unfinished, Walkout
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, See Remarks
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 0
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: See Remarks
  • Unit 1 Rooms: 2.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 987.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 2.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1450.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Family Room
  • Unit 2 Rooms: 4.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 798.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Family Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 798.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Expenses Include: Cold Water, Insurance, Maintenance, Taxes
  • Net Operating Income: $.00
  • Gross Operating Income: $17,400.00

Property History for 558 South 18th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 558 South 18th Street

Taxable ValueLand$22,800Additions$221,200Total$244,000
Tax Record2022$9,116 ($760 / month)
Home Facts
Stories3Lot Size1,185 SqFtStyleMiscellaneous CommercialCountyESSEXAPN14 00341-0000-00001

Schools near 558 South 18th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Chancellor Avenue Elementary School
PublicK to 8

East Side High School
Public9 to 12

Mount Vernon Elementary School
PublicPK to 8

B.R.I.C.K. Peshine Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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558 South 18th Street is a multi-family home for sale in Newark, NJ 07103. This property was listed for sale on May 16, 2024 by LIM BANCES REALTY, it's currently listed at $1,350,000. This listing's school district is The Newark Public School District. Nearby schools include Chancellor Avenue Elementary School, East Side High School and Mount Vernon Elementary School. 558 South 18th Street is a 4-bed, 3.5-bath, multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LIM BANCES REALTY, RIYERBIN TINEO

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 06/01/2024 06:59 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.