High-Yield Multifamily Opportunity: My Featured 4-Unit Newark Brick Asset Hits the Market at $999,000

By Garima Verma

Are you looking for a turnkey, high-yield investment property that generates strong cash flow from day one? Look no further. I am thrilled to bring you an exceptional investment opportunity that has just hit a major milestone in the highly competitive Northern New Jersey real estate market.

Located in the desirable Upper Roseville section of Newark, this 100% occupied 4-unit brick multifamily building has just undergone a strategic price improvement to $999,000. Boasting a staggering 9.44% CAP rate and a Net Operating Income (NOI) of $94,339, this is an asset I highly recommend for both small-scale local investors and large institutional portfolios looking for immediate, reliable returns.

The Numbers Every Investor Wants to See 

In today's real estate market, finding a fully stabilized asset with a sub-$1M price tag and an 9%-plus capitalization rate is incredibly rare. Let's take a look at the financial fundamentals that make this property stand out:

• Purchase Price: $999,000

• Cap Rate: 9.44%

• Net Operating Income (NOI): $94,339 (Includes current residential rents and parking/garage income)

• Occupancy Status: 100% Fully Occupied

• Unit Mix: (4) Spacious 3-Bedroom, 1-Bathroom units

Why This Newark Multifamily Asset is an Investor’s Dream

1. 100% Fully Occupied with Immediate Cash Flow 

One of my favorite aspects of this property is that you can say goodbye to initial vacancy periods, costly lease-up phases, and marketing expenses. With all four units actively rented, you start collecting a strong yield on your capital the exact day you close.

2. Premium Solid Brick Construction 

Savvy investors know that the key to a profitable portfolio is minimizing capital expenditures (CapEx). The building’s durable, solid brick construction ensures long-term structural integrity and significantly lower maintenance requirements over time compared to wood-frame properties.

3. Low-Overhead, Separate Utilities 

I always look for assets designed for hands-off, low-overhead management, and this one delivers. The building features separate meters for all units, meaning residents are responsible for their own gas and electric. Keeping landlord-paid utility expenses to a minimum drastically shields your bottom line.

4. Lucrative Ancillary Income from On-Site Parking 

Parking is a premium commodity in Newark. A major standout feature of this property is its extensive on-site parking footprint, which includes a detached 2-car garage plus 4 additional surface off-street parking spaces. This setup serves as a massive resident amenity while opening up a lucrative stream of extra revenue for you.

Location Highlight: A Commuter’s Paradise in Upper Roseville 

Location drives appreciation, and this property sits in one of Newark's most strategic rental corridors.

Situated just 0.2 miles from the Davenport Ave Light Rail, tenants enjoy an effortless, seamless commute to Newark Penn Station and downtown New York City (NYC). From my experience in the local market, transit-oriented locations like this guarantee historically high tenant demand, rising rental rates, and an incredibly low vacancy outlook for years to come.

https://garimaverma.livxre.com/93-davenport-ave

Tour the Property: Open House Information 

Assets with an 9.44% CAP rate at this price point do not stay on the market long. This property is being sold in as-is condition, presenting a clean, transparent transaction for serious buyers. I would love to show you around in person.

• 📅 Date: Saturday, June 20th

• ⏰ Time: 11:30 AM

• 📍 Location: Upper Roseville Section, Newark, NJ

Don’t wait —this cash cow will be under contract.

Whether you want to inspect the brickwork, tour the spacious 3-bedroom layouts, or review the certified rent rolls, join me this Saturday, June 20th at 11:30 AM.

Garima Verma | Luxury Real Estate Strategist 

garima@livxre.com I 9178361462