131 Fairmount Avenue Newark, NJ $ 525,000
131 Fairmount Avenue
$ 525,000
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131 Fairmount Avenue

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

Monthly Estimate*

$ 3,667

131 Fairmount Avenue, Newark, NJ 07103 - Image 1
131 Fairmount Avenue, Newark, NJ 07103 - Image 2
131 Fairmount Avenue, Newark, NJ 07103 - Image 3
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131 Fairmount Avenue, Newark, NJ 07103 - Image 6
131 Fairmount Avenue, Newark, NJ 07103 - Image 7

Multi-Family Home for sale in Newark, NJ

for $525,000 with 6 bedrooms and 3 full baths. This home was built in 1900.

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 Contingent

Price

$ 525,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,012

Style

3 Family

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

24002602

Features
Interior
Basement Unfinished
Total Bedrooms 6
Fireplace None
Heating/Cooling Electric Gas
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Exterior
Waterfront None
Flood Plain None
Substyle Top/Btm
Exterior Finish Brick Faced
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General
Laundry Y/N None
Area 0714
Style 3 Family
Miscellaneous None
Garage None
Status UNDER CONTRACT
Utilities Sep Elec Sep Heat
Rooms 18
Views/Exposure None
Year Built 1900-1939
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* Excluded Features

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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/26/2024$525,000 Listed Price

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