Investment Overview

Marcus & Millichap is pleased to offer for sale the multi-family property located at 101 Camden Street in Newark, New Jersey. This 12-unit walk-up building is positioned directly across the street from University Hospital, which serves Rutgers New Jersey Medical School, providing a built-in tenant base of medical professionals, students, and staff. As a value-add opportunity, the asset offers investors the ability to enhance unit interiors, upgrade common areas, and modernize building systems to capture higher market rents. Current in-place rents trail submarket averages by 36 percent. Given the constrained supply pipeline in Greater Newark and persistent renter demand in University Heights, aligning rents with market levels could drive substantial NOI growth while maintaining high occupancy. Located in the University Heights neighborhood, the property is within walking distance of four major higher education institutions: Rutgers University–Newark, New Jersey Institute of Technology (NJIT), Essex County College, and Seton Hall University School of Law. The neighborhood offers walkable access to dining, retail, and major Newark venues such as the New Jersey Performing Arts Center (NJPAC) and Prudential Center, while the city’s downtown revitalization continues to expand westward. From a connectivity standpoint, the location is a major advantage. Newark Penn Station provides NJ Transit, PATH, and Amtrak service, offering quick access to the New York metro area and regional destinations. Newark Liberty International Airport (EWR) is less than five miles away, facilitating air travel for nearly 50 million passengers annually.