Map of Property

42-46 Smith Street

For Sale

42-46 Smith St, Newark, NJ 07106

This Newark property for sale is located at 42-46 Smith St. The current listed sale price for 42-46 Smith Street is $800,000. 42-46 Smith Street is situated on a lot that is 0.17 acre in size.

Contacts

Minhaj Hussain

eXp Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 9,000 SF
  • Units 8
  • Lot Size 0.17 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 2, 2026
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.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.
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Highlights

  • 8-unit multifamily property with strong in-place income
  • Fully occupied with month-to-month tenants
  • Located in Newark with access to major transportation corridors
  • Oversized 75’ x 100’ lot with excess land
  • Value-add opportunity through renovations and repositioning

Getting around

  • 70/100

    Walk Score ®

  • 51/100

    Transit Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Newark, NJ
  • Neighborhood Vailsburg
  • Zip Code 07106
  • Market New Jersey

Points of Interest

  • Highland Avenue

    1.40 miles

  • Orange

    1.52 miles

  • Orange Street

    2.29 miles

  • Warren Street/NJIT

    2.55 miles

  • Watsessing Avenue

    2.76 miles

  • Bloomfield Avenue

    2.78 miles

  • Washington Street

    2.96 miles

  • Broad Street Station

    2.97 miles

  • Grove Street

    2.98 miles

  • Davenport Avenue

    3.05 miles

  • Wawa

    1.38 miles

  • Speedway

    1.60 miles

  • gulf

    1.72 miles

  • Exxon

    1.74 miles

  • Mobil

    1.77 miles

  • Shell

    1.80 miles

  • Delta Gas Station

    2.14 miles

  • Delta

    2.76 miles

  • Sunoco

    2.82 miles

  • Tesla Supercharger

    3.98 miles

  • Parking Deck

    1.14 miles

  • Third & Valley Apartments Garage

    1.80 miles

  • Lot 9

    2.35 miles

  • Visitor Parking

    2.37 miles

  • Teacher Parking

    2.42 miles

  • Science and Technology Parking Garage

    2.49 miles

  • Lot 16

    2.51 miles

  • Lot 18

    2.58 miles

  • Lot 12

    2.59 miles

  • Ramada East Orange

    0.89 miles

  • GALLERY HOLIDAY MOTEL

    1.80 miles

  • Americas Best Value Inn

    1.87 miles

  • Courtyard Downtown Newark

    3.14 miles

  • Hotel Indigo Newark Downtown

    3.16 miles

  • Comfort Suites Newark - Harrison

    3.27 miles

  • Best Western Robert Treat Hotel

    3.28 miles

  • TRYP Newark

    3.28 miles

  • Hampton Inn

    3.35 miles

  • Courtyard West Orange

    3.41 miles

  • 3 Sisters Grocery & Supermarket

    0.78 miles

  • C-Town

    0.82 miles

  • ShopRite

    1.25 miles

  • Nino's Grocery Store

    1.51 miles

  • SUPREMO Food Market

    1.56 miles

  • ShopSmart

    1.59 miles

  • Eden Gourmet

    1.64 miles

  • INTERNATIONAL AFRICAN MARKET

    1.67 miles

  • IRVINGTON FARMERS MARKET

    1.69 miles

  • JM MINE Supermarket

    1.81 miles

Contact Listing Broker
Minhaj Hussain

eXp Commercial

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