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In-PersonVirtual Tour
$ 889,000
Est. payment | /mo
8 Beds
6 Baths
4,710 SqFt
$ 889,000
Est. payment | /mo
8 Beds
6 Baths
4,710 SqFt
Open House
Sat Oct 04, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,710 sqft
Price per Sqft $188
MLS Listing ID 3990126
Style 3-Three Story
Bedrooms 8
Full Baths 6
Year Built 2006
Annual Tax Amount $10,633
Tax Year 2025
Lot Size 3,484 Sqft
Property Description
Investor's Opportunity in Newark's Fairmount Neighborhood!Fully occupied three-family property delivering steady income with great long-term tenants already in place. Located in the Fairmount section of Newark, this rent-controlled asset offers both stability and upside for investors. With a 5.7% cap rate, it's a solid addition to any portfolio seeking reliable cash flow in one of Newark's most promising neighborhoods.* Three-family property in Fairmount, Newark* Fully occupied with dependable, long-term tenants* Rent-controlled " offering security and consistency* Strong investment return with a 4.9% cap rateIdeal for investors seeking a turnkey property with built-in stability and long-term value.
Location
State NJ
County Essex
Interior
Heating Coal
Cooling Central Air, See Remarks
Heat Source Coal
Exterior
Exterior Feature Brick, Vinyl Siding
Parking Features See Remarks
Utilities Available See Remarks
Roof Type Asphalt Shingle, See Remarks
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COLDWELL BANKER REALTY
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Melissa Young
Agent | License ID: 0787303
129 CHESTER AVE., MOORESTOWN, Jersey, 08057, United States