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.
Active
$699,000
116 Mapes Ave #3, Newark City, NJ 07112
6beds
--sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern finishesVacant and move-in ready
- 41 days
- on Zillow |
- 237 |
- 17 |
Zillow last checked: 15 hours ago
Listing updated: June 26, 2025 at 01:19am
Listed by:
Mona Salman 732-970-6996,
Emera Realtors
Source: GSMLS,MLS#: 3971766
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard - Cast Iron, Natural Gas
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: Microwave, Range/Oven - Gas, Gas Water Heater
Features
- Bedrooms, Den, Dining Room, Kitchen, Living Room, Living/Dining Room
- Windows: Stain Glass Windows
- Basement: Yes,Finished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: 1 Car Width, See Remarks
- Uncovered spaces: 2
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 3,484.8 Square Feet
- Dimensions: 35 x 100
Details
- Parcel number: 1614036630000000120000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1922
- Major remodel year: 2024
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $194,300
- Annual tax amount: $7,389
- Date on market: 6/26/2025
- Exclusions: Personal items, Washer and Dryer and Fridge on second floor
- Total actual rent: 0
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
- Electric utility on property: Yes
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