Properties

Description

Discover the possibilities at 111 Park Avenue, Newark, NJ, a multifamily property offering an attractive opportunity for both the investor and owner-occupant. Whether you're looking to expand a real estate portfolio or live in one unit while generating rental income from the others, this property provides the flexibility today's buyers value.For the investor, Newark's established rental market and proximity to employment, education, transportation, shopping and neighborhood services create the foundation for continued tenant demand. Multiple units provide an opportunity to generate income from more than one household while building long-term equity in one of New Jersey's major urban markets.For the owner-occupant, the opportunity is equally compelling: occupy one unit and use rental income from the additional unit or units to help offset monthly housing expenses, subject to lender qualification. It's a practical path toward homeownership while simultaneously owning an income-producing asset.The Park Avenue location provides convenient access to Downtown Newark, public transportation, major highways, schools, universities, restaurants and parks, with New York City within commuting reach.Live in it. Rent it. Build equity with it. Explore the income and ownership possibilities waiting at 111 Park Avenue.

Features

  • Heating System : 3 Units
  • Basement : Full, Unfinished, Walkout
  • Roof Deck : Asphalt Shingle, Rubberized
  • Parking Description: None
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke
  • Exterior Features: Metal Fence, Patio
  • Tax Assessed Valuation: 126200
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: All Underground

Additional Info

  • Office Name: ERA QUEEN CITY REALTY
  • Office MLS ID: 003301
  • Agent ID: 210211
  • Tax: 5046
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Residential

Multi-Family For Sale

For Sale
$889,900

111 Park Ave, Newark City, *

  • SQFT 25 Acre
  • Bedroom 8
  • Built Year 1907

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5455482
  • Price: $889,900
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1907
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 18

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Subdivision: North Newark
  • Street: Park Ave
  • Street Number: 111
  • Street Direction: Ridge to Park
  • Floor Number: 0
  • Longitude: W75° 49' 17.3''
  • Latitude: N40° 45' 24.2''
  • Internet Display Address: No
Property