Don't miss out on this large 3 family home with serious investment potential! All 3 apartments are 2 bedroom 1 bath units that offer ample and versatile living spaces including an eat-in kitchen, dining / living room (can be converted to 3rd bedroom), pantry, and porch. Separate utilities, owners only pays water and common area lights. Once renovated, this property could yield substantial rental income! This is a unique opportunity for investors to capitalize on a high-demand area. Property is being sold in strictly as-is condition. Buyer is responsible for c/o and fire certificates. Cash offers preferred.
Sold for $525,000
$525,000
131 Fairmount Ave, Newark, NJ 07103
6beds
--sqft
Multi Family
Built in ----
-- sqft lot
$655,500 Zestimate®
$--/sqft
$2,244 Estimated rent
Home value
$655,500
$616,000 - $701,000
$2,244/mo
Zestimate® history
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$2,244/mo
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$3,631/mo
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$3,631/mo
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Zillow last checked:
Listing updated:
Listed by:
Silvio Lavrador 908-591-1433,
RE/MAX SELECT - Montclair
Bought with:
Outside Agent
Outside Office
Source: NJMLS,MLS#: 24002602
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: None
Property
Details
- Parcel number: 1400258000000029
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Sep Heat
Community & neighborhood
Location
- Region: Newark
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2024 | Sold | $525,000 |
Source:  NJMLS #24002602 Report a problem | ||
| 3/4/2024 | Contingent | $525,000 |
Source:  All Jersey MLS #2407550R Report a problem | ||
| 2/27/2024 | Pending sale | $525,000 |
Source:  GSMLS #3883170 Report a problem | ||
| 1/26/2024 | Listed for sale | $525,000+110% |
Source: GSMLS #3883170 Report a problem | ||
| 7/24/2023 | Listing removed | -- |
Source: GSMLS #3855612 Report a problem | ||
| 7/21/2023 | Listed for sale | $250,000+72.5% |
Source: GSMLS #3855612 Report a problem | ||
| 1/31/2018 | Listing removed | $144,900 |
Source: Westmarq Realty LLC #21703522 Report a problem | ||
| 2/20/2017 | Listed for sale | $144,900-52% |
Source: Westmarq Realty LLC #21703522 Report a problem | ||
| 9/8/2006 | Sold | $302,000+28.5% |
Source: Public Record Report a problem | ||
| 3/2/2006 | Sold | $235,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,506 +5.2% | $187,700 |
| 2024 | $7,138 +0.1% | $187,700 |
| 2023 | $7,133 | $187,700 |
| 2022 | $7,133 | $187,700 |
| 2021 | $7,133 +1% | $187,700 |
| 2020 | $7,059 +37.4% | $187,700 |
| 2019 | $5,136 | $187,700 |
| 2018 | $5,136 -20.5% | $187,700 |
| 2017 | $6,457 +4% | $187,700 |
| 2016 | $6,211 +6.7% | $187,700 |
| 2015 | $5,821 +5% | $187,700 |
| 2014 | $5,543 -6.9% | $187,700 |
| 2013 | $5,955 +3.7% | $187,700 +8.8% |
| 2012 | $5,741 +4.7% | $172,500 |
| 2011 | $5,486 +16.1% | $172,500 |
| 2010 | $4,725 +5.4% | $172,500 |
| 2009 | $4,483 +4.4% | $172,500 |
| 2008 | $4,295 | $172,500 |
| 2007 | $4,295 | $172,500 |
| 2006 | -- | $172,500 |
| 2005 | -- | $172,500 |
| 2004 | $3,726 | $172,500 |
| 2003 | -- | $172,500 +1159.1% |
| 2002 | -- | $13,700 |
| 2001 | -- | $13,700 |
Find assessor info on the county website
Neighborhood: Fairmount
Nearby schools
GreatSchools rating
- 3/10Thirteenth Avenue Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10West Side High SchoolGrades: 9-12Distance: 0.5 mi
- 1/10Central High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$655,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$655,500
- New Jersey
- Essex County
- Newark
- 07103
- Fairmount
- 131 Fairmount Ave
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