116 Mapes Ave, 3 | Newark City

$699,000 | 6 Beds (4 Full)

Investor alert! Welcome to 116 Mapes Ave, Newark, NJ ? a fantastic opportunity to own a solid 3-unit multi-family property in a thriving neighborhood. This well-maintained building offers strong income potential and immediate upside.The second and third-floor units have been tastefully updated, providing modern finishes that will appeal to today's renters. The first-floor unit is currently tenant-occupied, generating steady income, while the second floor is owner-occupied, and the third floor is vacant and move-in ready?perfect for rental or additional flexibility.Whether you're looking to expand your real estate portfolio or jump into house-hacking, this property offers versatility and future growth. Don?t miss out on this chance to invest in a vibrant area of Newark that continues to show strong demand. GSMLS 3971766

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MLS Listing ID: 
GSMLS 3971766
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Architectural Style: 
3-Three Story
Stories: 
3
Year Built: 
1922
New Construction: 
0
Basement: 
Finished
Interior: 
Bedrooms, Den, Dining Room, Kitchen, Living Room
Construction
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
DisabilityFeatures: 
No
Energy Information: 
Electric, Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
10
Total Bedrooms: 
6
Total Bathrooms: 
0
Total Full-Bathrooms: 
4
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard - Cast Iron
Heating System Fuel: 
Gas-Natural
Cooling System: 
Ceiling Fan, Window A/C(s)
Water Heating System: 
Gas
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.08
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width
Parking Type: 
1 Car Width
Total Parking Spaces: 
2
Garage: 
See Remarks
Pool: 
No
Fence: 
No
Public Record
Parcel Number: 
1614-03663-0000-00012-0000-
Lot Number: 
12
Annual Tax: 
$7,389.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
6/25/2025
Contract Details
Details about the listing contract.
Inclusions: 
Carbon Monoxide Detector, Microwave Oven, Range/Oven - Gas, Smoke Detector
Exclusions: 
Personal items, Washer and Dryer and Fridge on second floor
Possession: 
at Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EMERA REALTORS