93 Davenport Ave # 4 Newark, NJ $ 1,150,000
93 Davenport Ave # 4
$ 1,150,000
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93 Davenport Ave # 4

Newark, NJ, 07107
$ 1,150,000
Bedrooms12 Baths4.0 Sq 4,550

Monthly Estimate*

$ 7,081

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Multi-Family Home for sale in Newark, NJ

for $1,150,000 with 12 bedrooms and 4 full baths. This 4,550 square foot home was built in 1957 on a lot size of 0.06.

100% Occupied 4-Unit Brick Asset 8.20% CAP $94,339 NOIExceptional investment opportunity in the Upper Roseville section of Newark. This fully occupied, turnkey 4-unit brick multifamily building is a high-yield performer, generating a Net Operating Income (NOI) of $94,339 with a strong 8.20% CAP rate.The property features (4) spacious 3-bedroom, 1-bathroom units, all currently occupied, providing immediate and stable cash flow. A standout feature of this asset is the extensive on-site parking, which includes a detached 2-car garage plus 4 additional off-street parking spaces. This provides a lucrative opportunity for ancillary income or a premium amenity for residents.The building is designed for low-overhead management with separate utilities; residents are responsible for their own gas and electric. Solid brick construction ensures durability and lower maintenance requirements over time. Located just 0.2 miles from the Davenport Ave Light Rail for easy commuting to Newark Penn Station and NYC. Sold in as-is condition.

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Multi-Family Active

Price

$ 1,150,000

Bedrooms

12

Full Bath

4

Property Type

Multi-Family

Taxes

$ 9,997

Style

Fourplex

Lot Size

0.06

Year Built

1957

Town/City

Newark

County/Region

Essex

MLS | Web ID

4021089

Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher High Ceilings Smoke Detector Wood Floors
Basement Full Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Unit 4 Baths Total 1.0
Unit 4 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 12
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General
Sewer Public Sewer
Heating 4+ Units
Cooling Wall A/C Unit(s)
Utilities Gas-Natural
Possession At Closing
Roof Rubberized
Water Heater Gas
Garage Spaces 2
Architectural Style Fourplex
Exclusions Personal Belongings
Year Built 1957
Garage Detached Garage
Township Newark City
Unit Number 4
Tax Year 2025
Gross Income 112428
County Essex
Net Operating Income 94339
Operating Expense 18089
Subdivision Name Upper Roseville
Total Rooms 15
Full Baths 4
Status Active
Directions Bloomfield Ave to Davenport Ave
High School TECHNOLOGY
Open Parking Spaces 6
Number Of Units Total 4
Elementary School ABINGTON
Tax Annual Amount 9997
Drive 2 Car Width Additional Parking Blacktop
Standard Status Active
Tax Assessed Value 250000
Town # 1614
Tax Lot 36
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Exterior
Exterior Amenities Sidewalk
Lot Features Corner
Water Source Public Water
Exterior Description Brick
Building Area Total 4550
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
GARIMA VERMA

Listing Agent

Livx

Broker

garima@livxre.com

Email

Affordability Calculator

$7,914
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,081
Monthly Property Taxes
$833
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
5447314 Elementary School
5413209 Middle School
Technology High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$1,150,000 Listed Price

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93 Davenport Ave # 4, Newark, NJ, 07107 is a Multi-Family Home for sale at $1,150,000 with 4,550 sqft and a lot size of 0.06. 93 Davenport Ave # 4 has 12 bedrooms, 4.0 baths, and was built in 1957. The property's zip code is 07107 which is in Newark, NJ