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9 Beds
5 Baths

$769,000

196 Fairmount Ave, Newark City NJ, 07103

Built in1877
Property typeMulti-family

Overview

Active

Listed Oct 13, 2026

Updated 5h ago

Excellent investment opportunity in Newark! This recently updated 3-family property is being delivered COMPLETELY VACANT and offers three spacious units, each featuring 3 bedrooms and 1.5 bathrooms with functional open layouts designed for comfortable living. Recent improvements include new flooring, with new kitchens and updated bathrooms to be completed prior to closing. The property also features a large unfinished basement offering ample storage and additional potential. With ALL THREE UNITS VACANT, the new owner has the flexibility to select their own tenants, set rents, or occupy one unit while generating rental income from the others. Ideally located near schools, hospital, shopping, dining, public transportation, and major highways for convenient commuting.

$5,116/mo

Est. mortgage payment based on a $769,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4058733

Interior Features

Bedrooms
9
Bathrooms
5
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$10,561
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of PROVIDENT LEGACY REALTORS with ANDREA J. ALUMMOOTIL,
Listing Contact: 2018099925 

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