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Residential Income For Sale

93 Davenport Ave Unit 4, Newark City, Essex 07107-1938

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Property Description

100% Occupied 4-Unit Brick Asset 8.20% CAP $94,339 NOI Exceptional 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.Fully occupied. NOI of $94,339 includes current residential rents and parking/garage income. Total parking: 2-car garage + 4 surface spots. Separate meters for all units.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4021089
Price:
$999,000
Year Built:
1957
Lot Area:
0.06 Acre
Status:
Under Contract
Office Name:
LIVX
Agent Name:
GARIMA VERMA
Full Bathrooms:
4
Roof:
Rubberized
Features
Heating System:
4+ Units
Cooling System:
Wall A/C Unit(s)
Basement:
Full, Unfinished
Architectural Style:
Fourplex
Exterior Features:
Sidewalk
Interior Features:
High Ceilings, Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher, Wood Floors
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07107-1938
Street:
Davenport Ave
Street Number:
93
Longitude:
W75° 49' 0.3''
Latitude:
N40° 46' 26.4''
Directions:
Bloomfield Ave to Davenport Ave
Unit Number:
4
Neighborhood
Elementary School:
ABINGTON
High School:
TECHNOLOGY
Additional Information
Lot Size Dimensions:
25X100
Water Source:
Public Water
Number Of Units Total:
4
Lot Features:
Corner
Garage:
2
Building Size:
4550
Financial
Tax Annual Amount:
9997
Listing Information
Co List Agent Mls Id:
270774
List Agent Mls Id:
301773
List Office Mls Id:
6262
Mls Status:
Under Contract
Modification Timestamp:
2026-07-07T16:24:03Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4021089
Lot Area:
0.06 Acre
$999,000
Agent info
Contact Agent

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