For Sale Multi-Family MLS# 4058733

196 Fairmount Ave

Newark City, NJ 07103

$769,000

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About 196 Fairmount Ave

Excellent investment opportunity in Newark! This recently updated 3-family property is being delivered COMPLETELY VACANT and offers three spacious units, each featuring 3 bedrooms and 1.5 bathrooms with functional open layouts designed for comfortable living. Recent improvements include new flooring, with new kitchens and updated bathrooms to be completed prior to closing. The property also features a large unfinished basement offering ample storage and additional potential. With ALL THREE UNITS VACANT, the new owner has the flexibility to select their own tenants, set rents, or occupy one unit while generating rental income from the others. Ideally located near schools, hospital, shopping, dining, public transportation, and major highways for convenient commuting.

Property details

Property

Type
multi
Year built
1877
Lot
0.06 ac
List date
Oct 13, 2026

Schools

District
Newark City School District

Location

Subdivision
Fairmount
Neighborhood
Fairmount

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Listed by PROVIDENT LEGACY REALTORS

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.