37
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$699,000
Est. payment /mo
6 Beds
4 Baths
3,484 Sqft Lot
New
116 Mapes Ave Newark City, NJ 07112
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3971766
Style 3-Three Story
Bedrooms 6
Full Baths 4
Year Built 1922
Annual Tax Amount $7,389
Tax Year 2024
Lot Size 3,484 Sqft
Property Description
Investor alert! Welcome to 116 Mapes Ave, Newark, NJ ? a fantastic opportunity to own a solid 3-unit multi-family property in a thriving neighborhood. This well-maintained building offers strong income potential and immediate upside.The second and third-floor units have been tastefully updated, providing modern finishes that will appeal to today's renters. The first-floor unit is currently tenant-occupied, generating steady income, while the second floor is owner-occupied, and the third floor is vacant and move-in ready?perfect for rental or additional flexibility.Whether you're looking to expand your real estate portfolio or jump into house-hacking, this property offers versatility and future growth. Don?t miss out on this chance to invest in a vibrant area of Newark that continues to show strong demand.
Location
State NJ
County Essex
Rooms
Basement Finished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Stain Glass Windows
Heating Gas-Natural
Cooling Ceiling Fan, Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features See Remarks
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by EMERA REALTORS