42-46 Smith Street

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.