42-46 Smith Street

Investment Overview

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.

Investment 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