196 Fairmount Avenue Newark, NJ $ 769,000
196 Fairmount Avenue
$ 769,000
Recently Listed
Open House 10/18 1pm - 3pm
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196 Fairmount Avenue

Newark, NJ, 07103
$ 769,000
Bedrooms9 Baths3.2

Monthly Estimate*

$ 5,311

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Multi-Family Home for sale in Newark, NJ

for $769,000 with 9 bedrooms and 3 full baths, 2 half baths.

Excellent investment opportunity in Newark! This recently updated 3-family property is being delivered COMPLETELY VACANT and offers three spacious units, each featuring 3 bedrooms and 1.5 bathrooms with functional open layouts designed for comfortable living. Recent improvements include new flooring, with new kitchens and updated bathrooms to be completed prior to closing. The property also features a large unfinished basement offering ample storage and additional potential. With ALL THREE UNITS VACANT, the new owner has the flexibility to select their own tenants, set rents, or occupy one unit while generating rental income from the others. Ideally located near schools, hospital, shopping, dining, public transportation, and major highways for convenient commuting.

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Open House

10/18/2026 1:00 PM - 3:00 PM
196 Fairmount Avenue Newark, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 769,000

Bedrooms

9

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 10,561

Style

3 Family

Town/City

Newark

County/Region

Essex

MLS | Web ID

26039077

Features
General
Utilities See Remarks Electricity Connected Natural Gas Connected Sep Heat
Architectural Style 3 Family
Rooms None
County ESSEX
Property Type 2-4 Family
HOA N
Total Rooms 20
Full Baths 3
Status Active - Active
City Newark
Disclosures Seller's Agent
Year Built Details Pre 1900 Renovated Build Prior to 1978
Tax Annual Amount 10561.0
MLS Area Minor 400
Lease Considered Y/N N
Standard Status Active
Property Sub Type Additional Other
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Interior
Heating Y/N N
Half Baths 2
Laundry Features None
Total Bedrooms 9
Total Baths 5
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* Excluded Features

Affordability Calculator

$6,191
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,311
Monthly Property Taxes
$880
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/13/2026$769,000 Listed Price

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196 Fairmount Avenue, Newark, NJ, 07103 is a Multi-Family Home for sale at $769,000. 196 Fairmount Avenue has 9 bedrooms and 3.2 baths. The property's zip code is 07103 which is in Newark, NJ