196 Fairmount Ave, Newark, NJ 07103

Newark
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
196 Fairmount Ave,Newark City, NJ 07103
$769,000
  • 9 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrea alummootil
Office: provident legacy realtors201-809-9925
MLS#:4058733
Source:NJ_GSMLS

Price summary

  • Price:$769,000

About this home

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.

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Home facts

  • Year built:1877
  • Listing ID #:4058733
  • Added:1 day(s) ago
  • Updated:October 14, 2026 at 10:12 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:3
  • Half bathrooms:2
  • Rooms Total:20
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Cooling:Wall A/C Unit(s)
  • Heating:3 Units, Forced Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1877
  • Lot area:0.06 Acres
  • Architectural Style:3-Three Story
  • Construction Materials:Vinyl Siding

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$769,000
  • Tax amount:$10,561 (2025)
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 October 14, 2026

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