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  • $889,900

    111 Park Ave, Newark City, NJ 07104

    8beds
    --sqft
    : 
    $6,040/mo
    Get pre-qualified
    Multi Family
    Built in 1907
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    9 days
    189
    7

    Zillow last checked:

    Listing updated:

    Listed by:

    William C Collins 908-322-5454,

    Era Queen City Realty

    Source: GSMLS,MLS#: 4048285MLS Logo

      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

        DateEventPrice
        8/22/2026Listed for sale$889,900+51.9%
        Source: GSMLS #4048285 Report a problem
        7/3/2026Listed for rent$2,900+66.2%
        Source: GSMLS #4038303 Report a problem
        2/9/2024Sold$586,000+11.6%
        Source: GSMLS #3873312 Report a problem
        12/19/2023Pending sale$524,900
        Source: NJMLS #23034168 Report a problem
        11/6/2023Listed for sale$524,900+274.7%
        Source: NJMLS #23034168 Report a problem
        9/15/2021Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        8/11/2021Listed for rent$1,745
        Source: Zillow Rental Network Premium Report a problem
        1/4/2018Sold$140,100-29.9%
        Source: Public Record Report a problem
        7/25/2017Listing removed$200,000
        Source: United Real Estate #1640525 Report a problem
        10/5/2016Listed for sale$200,000+14.3%
        Source: UNITED REAL ESTATE #3340881 Report a problem
        7/21/2012Listing removed$175,000
        Source: CENTURY 21 Central Realty Co. #2892690 Report a problem
        10/12/2011Listed for sale$175,000-30.6%
        Source: CENTURY 21 Central Realty Co. #2892690 Report a problem
        7/15/2003Sold$252,000+52.7%
        Source: Public Record Report a problem
        11/22/2000Sold$165,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Seventh Avenue

        Getting around

        88 / 100
        Very Walkable
        73 / 100
        Excellent Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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