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New
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$770,000

For Sale

13 hours ago

MLS® 4014650

8 Bed

4 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $11,665
Days Active 0
Lot Size 0.11 acres
Approx. Age 1917
MLS® Number 4014650

Property Address: 108 Vassar Ave, Newark, NJ, 07112-2209

Average square foot calculated using Size range provided by listing agent.

Description

Projected $94, 800 Annual Rental Income Vacant Legal 3-Family Weequahic " NewarkExcellent opportunity to acquire a vacant legal 3-family property in Newark's desirable Weequahic section, offering strong rental income potential and long-term appreciation. Delivered vacant, allowing the new owner to immediately establish market rents and maximize income.Unit Mix?-Unit 1 " 1st Floor: 3 Bedrooms 1 Bath " Potential Rent $3, 200/month (split systems for heating & air); Unit 2 " 2nd Floor: 3 Bedrooms 1 Bath " Potential Rent $3, 200/month;Unit 3 " 3rd Floor: 2 Bedrooms 1 Bath " Potential Rent $2, 300/monthInvestment Highlights. Projected Monthly Income: $7, 900. Projected Annual Income: $94, 800;2025 Taxes: $11, 665?;Pro-Forma Cap Rate: 8%+ depending on purchase price and operating expensesConveniently located near Weequahic Park, Newark Beth Israel Medical Center, public transportation, major highways, shopping, and schools, with easy access to downtown Newark, Newark Liberty International Airport, and NYC commuter routes.Strong rental demand area with limited multifamily inventory. Ideal for investors seeking an income-producing property or owner-occupants looking to offset their mortgage with rental income.
MLS® Number4014650
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageYes
Approx. Age1917
BasementFull, Unfinished
Driveway1 Car Width, Concrete, Driveway-Shared, Off-Street Parking
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$770,000List Price
  • Commute

Commute

Starting Address
Destination Address
108 Vassar Ave, Newark, NJ

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