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no property photo
$999,000
12 Beds ⋅ 4 Baths ⋅ 4021089 MLS
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.

93 Davenport Ave, Newark City
no property photo
$499,000
3 Baths ⋅ 4024271 MLS
Well situated Commercial 4A (community mixed use) 2 storey building consisting of 1,800 total s.f suitable for laundromat (plumbed for current use) or hair salon, with updated office (2025), full bathroom and kitchenette above. In the heart of the thriving Upper Roseville section with lots of high visibility and foot traffic.. Second floor currently used as a trendy architect's office ($2,500/month). Laundromat has $2.000/ month rent with yearly increases. The list price is for the building only and does not include the laundromat business.

377 Bloomfield Ave, Newark City

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