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Billy Noguera

billy.noguera@exprealty.com +1(646) 413-2543

$ 999,000

Est. payment -/mo

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Price Dropped by $151K

93 Davenport Ave Newark City, NJ 07107

12 Beds

4 Baths

4,550 SqFt

Open House

Sat Jun 13, 12:30pm - 1:30pm

Sat Jun 20, 12:30pm - 1:30pm

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,550 sqft

Price per Sqft $219

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 NOI Exceptional 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.Fully occupied. NOI of $94,339 includes current residential rents and parking/garage income. Total parking: 2-car garage + 4 surface spots. Separate meters for all units.

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

Listed by LIVX

Nearby Locations

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