93 Davenport Ave, Newark, NJ 07107-1938
- Beds
- 12
- Baths
- 4
- Garage
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 12
- Number of bathrooms
- 4
- Lot size (acres)
- 0.06
- Year built
- 1957
Interior features
- Basement
- Yes, Finished
Exterior features
- Horse amenities
- Stable
Garage and parking
- Garage parking spaces
- 2
Utilities
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $9,997
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Garden State MLS MLS®#: 4021089 Last checked: …

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