93 Davenport Ave, Newark, NJ 07107
Local realty services provided by:CENTURY 21 A.G. Realty Group
93 Davenport Ave,Newark City, NJ 07107
$999,000
- 12 Beds
- 4 Baths
- 4,550 sq. ft.
- Multi-family
- Pending
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 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....
Contact an agent
Home facts
- Year built:1957
- Subdivision & Development:Upper Roseville
- Listing ID #:4021089
- Added:117 day(s) ago
- Updated:October 25, 2026 at 08:40 AM
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
New listings near 93 Davenport Ave
- Coming Soon
$450,000Coming Soon5 beds 3 baths66 Columbia Ave, Newark City, NJ 07106
MLS# 4060474Listed by: BURGOS REALTY COMPANY - New
$519,999Active4 beds 3 baths741 Highland Ave, Newark City, NJ 07104
MLS# 4060993Listed by: COOPER MCKELVEY REAL ESTATE CO. - New
$419,000Active4 beds 3 baths359 S 18th St, Newark City, NJ 07103
MLS# 4060944Listed by: C-21 THOMSON & CO - New
$434,000Active4 beds 2 baths2,268 sq. ft.299 Smith Street, Newark, NJ 07106
MLS# 22633643Listed by: C21 THOMSON & CO. - New
$499,000Active6 beds 2 baths1,726 sq. ft.491 17th Street, Newark, NJ 07103
MLS# 22633644Listed by: C21 THOMSON & CO. - New
$419,000Active4 beds 3 baths2,304 sq. ft.359-361 18th Street, Newark, NJ 07103
MLS# 22633646Listed by: C21 THOMSON & CO. - Open Sun, 1 to 3pmNew
$499,999Active5 beds 3 baths4,713 sq. ft.-14 Scheerer Avenue #16, Newark, NJ 07112
MLS# 2706791RListed by: BHHS JORDAN BARIS REALTY - New
$675,000Active8 beds 3 baths87 2nd St, Newark City, NJ 07107
MLS# 4053821Listed by: JERSEY BLUE ESTATES LLC - Open Sun, 12 to 2pmNew
$785,000Active6 beds 2 baths346-348 WOODSIDE AVE, Newark, NJ 07104
MLS# 260021411Listed by: E REALTY - New
$599,000Active-- beds 3 baths272-274 Wainwright Street, Newark, NJ 07112
MLS# 26039880Listed by: KELLER WILLIAMS CITY VIEWS REALTY