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131 Fairmount Ave Newark, NJ $ 525,000
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$ 525,000 Get more info
131 Fairmount Ave
$ 525,000
Back to search
Share Save

131 Fairmount Ave

Newark, NJ, 07103
$ 525,000
Bedrooms6 Baths3.0

Monthly Estimate*

$ 3,667

131 Fairmount Ave, Newark, NJ 07103 - Image 1
131 Fairmount Ave, Newark, NJ 07103 - Image 2
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131 Fairmount Ave, Newark, NJ 07103 - Image 9

Multi-Family Home for sale in Newark, NJ

for $525,000 with 6 bedrooms and 3 full baths. This home was built in 1900 on a lot size of 0.06.

Don't miss out on this large 3 family home with serious investment potential! All 3 apartments are 2 bedroom 1 bath units that offer ample and versatile living spaces including an eat-in kitchen, dining / living room (can be converted to 3rd bedroom), pantry, and porch. Separate utilities, owners only pays water and common area lights. Once renovated, this property could yield substantial rental income! This is a unique opportunity for investors to capitalize on a high-demand area. Property is being sold in strictly as-is condition. Buyer is responsible for c/o and fire certificates. Cash offers preferred.

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Multi-Family Pending

Price

$ 525,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,012

Style

3-Three Story

Lot Size

0.06

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

3883170
Features
General
Sewer Public Sewer
Heating 3 Units Radiators - Steam
Cooling None
Utilities Gas-Natural
Possession At Closing
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 0
Architectural Style 3-Three Story
Exclusions Tenant's personal belongings
Year Built 1900
Garage None
Township Newark City
Tax Year 2022
Gross Income 999999
County Essex
Net Operating Income 999999
Operating Expense 999999
Total Rooms 18
Status Under Contract
Directions S Orange Ave to Fairmount Ave
Open Parking Spaces 0
Total Units 3
Street Name FAIRMOUNT AVE
Tax Annual Amount 7012
Home Warranty Y/N No
Drive None
Days on Market 31
Standard Status Under Contract
Tax Assessed Value 187700
Town # 1614
Tax Lot 29
Farm Assessment No
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Interior
Basement Bilco-Style Door
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Fuel Type Electric Gas-Natural
Full Baths 3
Half Baths 0
Total Bedrooms 6
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Exterior
Water Source Public Water
Exterior Description Brick Vinyl Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
JEREMY FABERLLE

Listing Agent

Re/Max Select

Broker

Affordability Calculator

$4,252
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,667
Monthly Property Taxes
$584
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/26/2024$525,000 Listed Price

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131 Fairmount Ave, Newark, NJ, 07103 is a Multi-Family Home for sale at $525,000 with a lot size of 0.06. 131 Fairmount Ave has 6 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 07103 which is in Newark, NJ

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