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$1,150,000

For Sale

A day ago

93 Davenport Ave, Newark

House

MLS® 4021089

12 Bed

4 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes $9,997
Days Active 0
Lot Size 
Approx. Age 1957
MLS® Number 4021089

Property Address: 93 Davenport Ave, Newark, NJ, 07107-1938

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

Description

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.
MLS® Number4021089
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1957
BasementFull, Unfinished
Driveway2 Car Width, Additional Parking, Blacktop
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 16, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
93 Davenport Ave, Newark,

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