93 Davenport Ave, Newark, NJ 07107

Newark
Local realty services provided by:ERA Duke Realtors
93 Davenport Ave,Newark City, NJ 07107
$999,000
  • 12 Beds
  • 4 Baths
  • 4,550 sq. ft.
  • Multi-family
  • Active
Listed by: garima verma, clay mason
Office: livx973-221-0545
MLS#:4021089
Source:NJ_GSMLS

Price summary

  • Price:$999,000
  • Price per sq. ft.:$219.56

About this home

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...

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Home facts

  • Year built:1957
  • Listing ID #:4021089
  • Added:1 day(s) ago
  • Updated:June 29, 2026 at 07:53 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:20
  • Basement Description:Basement, Full, Unfinished
  • Living area:4,550 sq. ft.

Heating and cooling

  • Cooling:Wall A/C Unit(s)
  • Heating:4+ Units

Structure and exterior

  • Roof:Rubberized
  • Year built:1957
  • Building area:4,550 sq. ft.
  • Lot area:0.06 Acres
  • Lot Features:Corner
  • Architectural Style:Fourplex
  • Construction Materials:Brick
  • Exterior Features:Sidewalk

Schools

  • High school:TECHNOLOGY
  • Elementary school:ABINGTON

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$999,000
  • Price per sq. ft.:$219.56
  • Tax amount:$9,997 (2025)

Features and amenities

  • Amenities:Carbon Monoxide Detector, Fire Extinguisher, Gas-Natural, High Ceilings, Smoke Detector, Wood Floors

Parking

  • Parking description:2 Car Width, Additional Parking, Blacktop Driveway, Detached Garage
  • Garage spaces:2
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated June 29, 2026

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