487-489 18th Avenue, Newark, NJ 07103

ACCESS & CONNECTIVITY

487-489 18th Ave in Newark offers strong access to local and regional transit, with nearby NJ TRANSIT bus service including routes 1, 25, 90, 96, and 361, plus bus stops along 18th Avenue and Springfield Avenue within a short walk.

Rail access is also available via the Newark Light Rail system and nearby commuter rail connections, while Newark Penn Station provides additional NJ TRANSIT, PATH, and Amtrak options for travel throughout the region.

The property is also well positioned for highway travel, with convenient access to major Newark arterials and regional routes that connect to I-280, Route 21, the NJ Turnpike, and I-78, supporting efficient movement to downtown Newark, New York City, and surrounding New Jersey markets.

AREA AMENITIES & DEMAND DRIVERS

Newark serves as one of the largest employment centers in the region, with over 100,000 daily commuters and a strong concentration of jobs in finance, healthcare, logistics, and government sectors.

Major employers including Prudential Financial, Audible, and PSE&G maintain a significant presence in the city, attracting a wide range of professional tenants.

The property is also located near major healthcare institutions such as Saint Michael's Medical Center and Clara Maass Medical Center, as well as University Hospital, a major regional trauma center and teaching hospital, further anchoring employment demand in the immediate area.

NEARBY HIGHER EDUCATION

Higher education institutions represent another significant demand driver, with both Rutgers University - Newark Campus and New Jersey Institute of Technology located nearby, contributing to a large and consistent population of students, faculty, and staff.

Newark is home to nearly 50,000 college students, reinforcing sustained rental demand across a range of unit types.

SEPARATELY METERED UTILITIES

Tenants are responsible for gas-powered heat & hot water, as well as individually metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

DURABLE BRICK CONSTRUCTION

The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 73,100 people live within 1 mile of the Property with an average household income of $65,604. Over 481,900 people reside within 3 miles of the Property with an average household income of $86,268.

QUALITY OF LIFE AMENITIES

487–489 18th Avenue is situated within Newark’s West Ward, a dense and evolving residential neighborhood supported by a diverse mix of local retail, institutional anchors, and regional connectivity that continues to drive demand for apartment housing.

Nearby options include recognizable quick-service names like Wingstop on Bloomfield Ave, plus familiar fast-food brands such as Popeyes, Smashburger, and Dunkin’ in the broader Newark area

The Property benefits from proximity to key neighborhood-serving amenities such as J & C II, along with retail and dining corridors along South Orange Avenue and Springfield Avenue that provide everyday convenience for residents.