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Michelle Burroughs

michellesellshomes@mbarealtor.com +1(908) 224-0499

$ 889,900

Est. payment -/mo

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111 Park Ave Newark City, NJ 07104

8 Beds

3 Baths

2,613 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision North Newark

MLS Listing ID 4048285

Style 3-Three Story

Bedrooms 8

Full Baths 3

Year Built 1907

Annual Tax Amount $5,046

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Discover the possibilities at 111 Park Avenue, Newark, NJ, a multifamily property offering an attractive opportunity for both the investor and owner-occupant. Whether you're looking to expand a real estate portfolio or live in one unit while generating rental income from the others, this property provides the flexibility today's buyers value.For the investor, Newark's established rental market and proximity to employment, education, transportation, shopping and neighborhood services create the foundation for continued tenant demand. Multiple units provide an opportunity to generate income from more than one household while building long-term equity in one of New Jersey's major urban markets.For the owner-occupant, the opportunity is equally compelling: occupy one unit and use rental income from the additional unit or units to help offset monthly housing expenses, subject to lender qualification. It's a practical path toward homeownership while simultaneously owning an income-producing asset.The Park Avenue location provides convenient access to Downtown Newark, public transportation, major highways, schools, universities, restaurants and parks, with New York City within commuting reach.Live in it. Rent it. Build equity with it. Explore the income and ownership possibilities waiting at 111 Park Avenue.

Location

State NJ

County Essex

Zoning Residential

Rooms

Basement Full, Unfinished, Walkout

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Brick

Parking Features On-Street Parking

Utilities Available All Underground

Roof Type Asphalt Shingle, Rubberized

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

Elementary Schools Franklin

Middle Schools Franklin

High Schools Barringer

Others

Senior Community No

Listed by ERA QUEEN CITY REALTY

Michelle Burroughs

111 Park Ave Newark City, NJ 07104

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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111 Park Ave