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

131 Fairmount Avenue

Newark, NJ, 07103
$ 525,000
Bedrooms6 Baths3.0 Sq 3,438

Monthly Estimate*

$ 3,489

131 Fairmount Avenue, Newark, NJ 07103 - Image 1
131 Fairmount Avenue, Newark, NJ 07103 - Image 2
131 Fairmount Avenue, Newark, NJ 07103 - Image 3
131 Fairmount Avenue, Newark, NJ 07103 - Image 4
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131 Fairmount Avenue, Newark, NJ 07103 - Image 8
131 Fairmount Avenue, Newark, NJ 07103 - Image 9

Multi-Family Home for sale in Newark, NJ

for $525,000 with 6 bedrooms and 3 full baths. This 3,438 square foot home was built in 1900 on a lot size of 0.0574.

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

$ 7,009

Style

3 Family

Lot Size

0.0574

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

2407550R
Features
General
Interior Features Unit 1(2 Bedrooms Kitchen 1 Bath Living Room Den/Family Room) Unit 2(2 Bedrooms Kitchen 1 Bath Living Room Den/Family Room) Unit 3(2 Bedrooms 1 Bath Den/Family Room)
Sewer Public Sewer
Heating Radiators-Steam
Cooling None
Utilities Electricity Connected Natural Gas Connected
Roof Asphalt
Appliances Water Heater(Gas) Unit 1(Range/Oven Refrigerator) Unit 2(Range/Oven Refrigerator)
Garage Spaces 0
Gas Y/N Natural Gas
Year Built 1900
Stories 3
Property SubType 3 Family
Tax Year 2021
Percent Ownership Fee Simple
Accessibility Unit 1 Accessibility Features Unit 2 Accessibility Features Unit 3 Accessibility Features
County Essex
Property Type Residential Income
Garage Y/N No
Total Rooms 18
Close Price 0
Status Under Contract
City Newark
Lot Size Square Feet 2500
Carport Spaces 0
Carport Y/N No
Street Name Fairmount
Tax Annual Amount 7009
Ok to Lease Unit 1(Month-Month) Unit 2(Month-Month)
Days on Market 38
Living Area Units Square Feet
Standard Status Active Under Contract
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Interior
Basement Full Utility Room
Flooring Unit 1 Carpet Unit 2 Carpet Unit 3 Carpet
Total Stories 3
Heating Y/N Yes
Full Baths 0
Half Baths 0
Street Suffix Avenue
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features On Street
Lot Features See Remarks
Water Source Public
Lot Size Area 0.0574
Building Area Total 3438
Lot Dimensions 100.00 x 25.00
Lot Size Acres 0.0574
Covered Spaces 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 4
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* Excluded Features
List By
JEREMY FABERLLE

Listing Agent

Re/Max Select

Broker

jeremy.faberlle@gmail.com

Email

Affordability Calculator

$4,073
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,489
Monthly Property Taxes
$584
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
392003 Elementary School
392100 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 Avenue, Newark, NJ, 07103 is a Multi-Family Home for sale at $525,000 with 3,438 sqft and a lot size of 0.0574. 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

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