See all 9 photos
$889,900
Est. payment /mo
8 Beds
3 Baths
2,613 Sqft Lot
New
111 Park Ave Newark City, NJ 07104
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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

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Listed by ERA QUEEN CITY REALTY
NEARBY SCHOOL & BUSINESS
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