116 Mapes Ave
Newark City, NJ 07112
Price: $699,000
GSMLS: 3971766Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 6
Baths: 4 Full
Garage: No
Year Built: 1922
Acres: 0.08
Property Tax: $7,389
Description
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.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Finished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Stain Glass Windows
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
35X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
See Remarks
Parking:
1 Car Width
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Den, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Smoke Detector
Utilities:
Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
No
Utilities
Heating:
Baseboard - Cast Iron
Heating Fuel:
Gas-Natural
Cooling:
Ceiling Fan, Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$699,000
Tax Amount:
$7,389
Land Assessment:
$28,800
Build. Assessment:
$165,500
Total Assessment:
$194,300
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3971766
List Date:
06-25-2025
Days On Market:
3
Listing Broker:
EMERA REALTORS
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MountainClubNJ.com
