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9 Beds
5 Baths

$769,000

196 Fairmount Avenue, Newark NJ, 07103

Property typeMulti-family
Listed by Andrea Alummootil with Provident Legacy Real Estate Services 201-406-8015

Overview

Active

Active - Active

Listed Oct 13, 2026

Updated 2h ago

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.

$5,116/mo

Est. mortgage payment based on a $769,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26039077

Interior Features

Bedrooms
9
Bathrooms
5
Basement
No

Other Property Details

Taxes
$10,561
Tax Frequency
Annually
Association Fee Frequency
Monthly
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Listed by Andrea Alummootil with Provident Legacy Real Estate Services 201-406-8015

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS.  Real estate listings held by brokerage firms other than Prominent Properties Sotheby's International Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers.  Some properties listed with the participating brokers do not appear on this website at the request of the seller.  Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed.  Last date updated:  10/15/2026 

Source:  New Jersey Multiple Listing Service, Inc.

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