93 Davenport Ave, Newark City, NJ 07107
93 Davenport Ave, Newark City, NJ 07107
93 Davenport Ave, Newark City, NJ 07107
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LivX .

LivX .

+1(973) 221-0545
$1,150,000
Est. payment /mo
12 Beds
4 Baths
4,550 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,550 sqft

Price per Sqft $252

Subdivision Upper Roseville

MLS Listing ID 4021089

Style Fourplex

Bedrooms 12

Full Baths 4

Year Built 1957

Annual Tax Amount $9,997

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

100% Occupied 4-Unit Brick Asset 8.20% CAP $94,339 NOIExceptional investment opportunity in the Upper Roseville section of Newark. This fully occupied, turnkey 4-unit brick multifamily building is a high-yield performer, generating a Net Operating Income (NOI) of $94,339 with a strong 8.20% CAP rate.The property features (4) spacious 3-bedroom, 1-bathroom units, all currently occupied, providing immediate and stable cash flow. A standout feature of this asset is the extensive on-site parking, which includes a detached 2-car garage plus 4 additional off-street parking spaces. This provides a lucrative opportunity for ancillary income or a premium amenity for residents.The building is designed for low-overhead management with separate utilities; residents are responsible for their own gas and electric. Solid brick construction ensures durability and lower maintenance requirements over time. Located just 0.2 miles from the Davenport Ave Light Rail for easy commuting to Newark Penn Station and NYC. Sold in as-is condition.

Location

State NJ

County Essex

Rooms

Basement Full, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Wood Floors

Heating Gas-Natural

Cooling Wall A/C Unit(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Gas-Natural

Roof Type Rubberized

Building

Lot Description Corner

Sewer Public Sewer

Water Public Water

Architectural Style Fourplex

Schools

Elementary Schools Abington

High Schools Technology

Others

Senior Community No

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LivX .

LivX .

+1(973) 221-0545

Broker | License ID: 1859462

Broker License ID: 1859462

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93 Davenport Ave