108 Vassar Ave, Newark, NJ 07112

Newark
Local realty services provided by:Better Homes and Gardens Real Estate Elite
108 Vassar Ave,Newark City, NJ 07112
$770,000
  • 8 Beds
  • 4 Baths
  • 5,000 sq. ft.
  • Multi-family
  • Active
Listed by: cynthia barrett-bismuth
Office: alexander anderson real estate
MLS#:4014650
Source:NJ_GSMLS

Price summary

  • Price:$770,000
  • Price per sq. ft.:$154

About this home

Projected $94,800 Annual Rental Income Vacant Legal 3-Family Weequahic " NewarkExcellent opportunity to acquire a vacant legal 3-family property in Newark's desirable Weequahic section, offering strong rental income potential and long-term appreciation. Delivered vacant, allowing the new owner to immediately establish market rents and maximize income.Unit Mix?-Unit 1 " 1st Floor: 3 Bedrooms 1 Bath " Potential Rent $3,200/month (split systems for heating & air); Unit 2 " 2nd Floor: 3 Bedrooms 1 Bath " Potential Rent $3,200/month;Unit 3 " 3rd Floor: 2 Bedrooms 1 Bath " Potential Rent $2,300/monthInvestment Highlights. Projected Monthly Income: $7,900. Projected Annual Income: $94,800;2025 Taxes: $11,665?;Pro-Forma Cap Rate: 8%+ depending on purchase price and operating expensesConveniently located near Weequahic Park, Newark Beth Israel Medical Center, public transportation, major highways, shopping, and schools, with easy access to downtown Newark, Newark Liberty...

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Home facts

  • Year built:1917
  • Listing ID #:4014650
  • Added:1 day(s) ago
  • Updated:March 16, 2026 at 09:56 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:21
  • Basement Description:Basement, Full, Unfinished
  • Living area:5,000 sq. ft.

Heating and cooling

  • Heating:Baseboard - Hotwater, Radiators - Steam

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1917
  • Building area:5,000 sq. ft.
  • Lot area:0.11 Acres
  • Architectural Style:3-Three Story
  • Construction Materials:Brick
  • Exterior Features:Metal Fence

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$770,000
  • Price per sq. ft.:$154
  • Tax amount:$11,665 (2025)

Features and amenities

  • Amenities:Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors

Parking

  • Parking description:1 Car Width, Concrete Driveway, Detached Garage, Driveway-Shared, Off-Street Parking
  • Garage spaces:1
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated March 16, 2026

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