Active

$769,000

196 Fairmount Ave, Newark City, NJ 07103

9beds

--sqft

$5,480/mo

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Multi Family

Built in 1877

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

New flooring

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.

7 days
180
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 3.2
Full bathrooms: 3
1/2 bathrooms: 2

Heating

3 Units, Forced Air, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: See Remarks

Features

Bedrooms, Eat-in Kitchen, Family Room, Living Room, Master Bedroom, Eat-In Kitchen, See Remarks
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: See Remarks

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 100

Details

Parcel number: 1614002620000000170000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1877
Major remodel year: 2026

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector

Location

Region: Newark

Financial & listing details

Tax assessed value: $264,100
Annual tax amount: $10,561
Date on market: 10/13/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/13/2026	Listed for sale	$769,000+23%
Source: NJMLS #26039077 Report a problem
7/23/2024	Listing removed	--
Source: GSMLS #3901441 Report a problem
6/13/2024	Pending sale	$625,000
Source: GSMLS #3901441 Report a problem
5/13/2024	Listed for sale	$625,000+13.6%
Source: GSMLS #3901441 Report a problem
3/16/2023	Sold	$550,000+0.2%
Source: GSMLS #3823957 Report a problem
2/21/2023	Pending sale	$549,000
Source: GSMLS #3823957 Report a problem
12/21/2022	Price change	$549,000-0.2%
Source: GSMLS #3821916 Report a problem
10/26/2022	Listed for sale	$550,000+48.6%
Source: NJMLS #22038761 Report a problem
5/12/2020	Listing removed	$1,600
Source: HOMEQUEST REALTY GROUP LLC #3614563 Report a problem
2/6/2020	Listed for rent	$1,600
Source: HOMEQUEST REALTY GROUP LLC #3614563 Report a problem
1/24/2019	Sold	$370,000+236.4%
Source: Public Record Report a problem
12/4/2017	Sold	$110,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,561 +5.2%	$264,100
2024	$10,044 +0.1%	$264,100
2023	$10,036	$264,100
2022	$10,036	$264,100
2021	$10,036 +65.3%	$264,100
2020	$6,070 +37.4%	$264,100 +63.6%
2019	$4,417	$161,400
2018	$4,417 -20.5%	$161,400
2017	$5,552 +4%	$161,400
2016	$5,341 +6.7%	$161,400
2015	$5,005 +5%	$161,400
2014	$4,766 +20.7%	$161,400 +36%
2012	$3,950 +4.7%	$118,700
2011	$3,775 +16.1%	$118,700
2010	$3,251 +5.4%	$118,700
2009	$3,085 +4.4%	$118,700
2008	$2,956	$118,700
2007	$2,956	$118,700
2006	--	$118,700
2005	--	$118,700
2004	$2,564	$118,700
2003	--	$118,700 +932.2%
2002	--	$11,500
2001	--	$11,500