Discover the possibilities at 111 Park Avenue, Newark, NJ, a multifamily property offering an attractive opportunity for both the investor and owner-occupant. Whether you're looking to expand a real estate portfolio or live in one unit while generating rental income from the others, this property provides the flexibility today's buyers value.For the investor, Newark's established rental market and proximity to employment, education, transportation, shopping and neighborhood services create the foundation for continued tenant demand. Multiple units provide an opportunity to generate income from more than one household while building long-term equity in one of New Jersey's major urban markets.For the owner-occupant, the opportunity is equally compelling: occupy one unit and use rental income from the additional unit or units to help offset monthly housing expenses, subject to lender qualification. It's a practical path toward homeownership while simultaneously owning an income-producing asset.The Park Avenue location provides convenient access to Downtown Newark, public transportation, major highways, schools, universities, restaurants and parks, with New York City within commuting reach.Live in it. Rent it. Build equity with it. Explore the income and ownership possibilities waiting at 111 Park Avenue.
Active
$889,900
111 Park Ave, Newark City, NJ 07104
8beds
--sqft
Multi Family
Built in 1907
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 9 days
- 189
- 7
Zillow last checked:
Listing updated:
Listed by:
William C Collins 908-322-5454,
Era Queen City Realty
Source: GSMLS,MLS#: 4048285
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 3 Units, Natural Gas
Appliances
- Included: Range/Oven - Gas, Refrigerator, Gas Water Heater
Features
- Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen
- Basement: Yes,Full,Unfinished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: None, On-Street Parking
- Has uncovered spaces: Yes
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Patio
- Fencing: Metal Fence
Lot
- Size: 2,613 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 1614005080000000310000
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt Shingle,Rubber
Condition
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
- Subdivision: North Newark
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $126,200
- Annual tax amount: $5,046
- Date on market: 8/22/2026
- Total actual rent: 1700
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2026 | Listed for sale | $889,900+51.9% |
Source: | ||
| 7/3/2026 | Listed for rent | $2,900+66.2% |
Source: | ||
| 2/9/2024 | Sold | $586,000+11.6% |
Source: | ||
| 12/19/2023 | Pending sale | $524,900 |
Source: | ||
| 11/6/2023 | Listed for sale | $524,900+274.7% |
Source: | ||
| 9/15/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/11/2021 | Listed for rent | $1,745 |
Source: Zillow Rental Network Premium Report a problem | ||
| 1/4/2018 | Sold | $140,100-29.9% |
Source: Public Record Report a problem | ||
| 7/25/2017 | Listing removed | $200,000 |
Source: United Real Estate #1640525 Report a problem | ||
| 10/5/2016 | Listed for sale | $200,000+14.3% |
Source: UNITED REAL ESTATE #3340881 Report a problem | ||
| 7/21/2012 | Listing removed | $175,000 |
Source: CENTURY 21 Central Realty Co. #2892690 Report a problem | ||
| 10/12/2011 | Listed for sale | $175,000-30.6% |
Source: CENTURY 21 Central Realty Co. #2892690 Report a problem | ||
| 7/15/2003 | Sold | $252,000+52.7% |
Source: Public Record Report a problem | ||
| 11/22/2000 | Sold | $165,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,047 +5.2% | $126,200 |
| 2024 | $4,799 +0.1% | $126,200 |
| 2023 | $4,796 | $126,200 |
| 2022 | $4,796 | $126,200 |
| 2021 | $4,796 +1% | $126,200 |
| 2020 | $4,746 +37.4% | $126,200 |
| 2019 | $3,453 | $126,200 |
| 2018 | $3,453 -20.5% | $126,200 |
| 2017 | $4,341 +4% | $126,200 |
| 2016 | $4,176 +6.7% | $126,200 |
| 2015 | $3,913 +5% | $126,200 |
| 2014 | $3,727 -54% | $126,200 |
| 2013 | $8,098 +3.7% | $126,200 -46.2% |
| 2012 | $7,807 +4.7% | $234,600 |
| 2011 | $7,460 +16.1% | $234,600 |
| 2010 | $6,426 +5.4% | $234,600 |
| 2009 | $6,097 +4.4% | $234,600 |
| 2008 | $5,842 | $234,600 |
| 2007 | $5,842 | $234,600 |
| 2006 | -- | $234,600 |
| 2005 | -- | $234,600 |
| 2004 | $5,067 | $234,600 |
| 2003 | -- | $234,600 +1517.9% |
| 2002 | -- | $14,500 |
| 2001 | -- | $14,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Seventh Avenue
Nearby schools
Schools provided by the listing agent
- Elementary: Franklin
- Middle: Franklin
- High: Barringer
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






