Property
Newark City, NJ 07112 116 Mapes Ave # 3
$699,000
32 more
Presented By: EMERA REALTORS; 732-970-6996
Beds • 6
Baths • 4
Home Details
Investor alert! Welcome to 116 Mapes Ave, Newark, NJ ? a fantastic opportunity to own a solid 3-unit multi-family property in a thriving neighborhood. This well-maintained building offers strong income potential and immediate upside.The second and third-floor units have been tastefully updated, providing modern finishes that will appeal to today's renters. The first-floor unit is currently tenant-occupied, generating steady income, while the second floor is owner-occupied, and the third floor is vacant and move-in ready?perfect for rental or additional flexibility.Whether you're looking to expand your real estate portfolio or jump into house-hacking, this property offers versatility and future growth. Don?t miss out on this chance to invest in a vibrant area of Newark that continues to show strong demand.
Presented By: EMERA REALTORS; 732-970-6996
Interior Features for 116 Mapes Ave # 3
Bedrooms
Total Bedrooms6
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total1
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 1 Levels1
Unit 2 Levels2
Unit 3 Levels3
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas
Unit 3 Appl/EquipSmoke Detector
BasementFinished
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Fire Extinguisher, Stain Glass Windows
Other Rooms
Unit 2 Rooms4
Unit 1 Rooms4
Unit 3 Rooms3
Unit 3 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 1 Room DescriptionBedrooms, Den, Dining Room, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room
General for 116 Mapes Ave # 3
Architectural Style3-Three Story
CoolingCeiling Fan, Window A/C(s)
CountyEssex
DirectionsFollow GPS
Drive1 Car Width
EasementNo
ExclusionsPersonal items, Washer and Dryer and Fridge on second floor
Farm AssessmentNo
Full Baths4
GarageSee Remarks
Garage Spaces
Gross Income
HeatingBaseboard - Cast Iron
Home Warranty Y/NNo
Net Operating Income
Number Of Units Total3
Open Parking Spaces2
Operating Expense0
Possessionat Closing
RoofAsphalt Shingle
ServicesCable TV Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount7389
Tax Assessed Value194300
Tax Lot12
Tax Year2024
Total Rooms10
Town #1614
TownshipNewark City
Unit Number3
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1922
Exterior for 116 Mapes Ave # 3
Exterior DescriptionVinyl Siding
Lot Dimensions35X100
Lot Size Acres0.08
Water SourcePublic Water
Additional Details
Price History
William Hernandez
Associate