113 N Munn Ave
Newark City, NJ 07106
Price: $550,000
GSMLS: 4042164Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 7
Baths: 4 Full
Garage: No
Year Built: 1905
Acres: 0.09
Property Tax: $5,786
Description
Exceptional investment opportunity in the desirable Lower Vailsburg neighborhood of Newark, NJ. This newly renovated 2-unit multifamily offers 7 bedrooms and 4 bathrooms sitting on a generous 38x105 lot with 5 parking spaces, a rare find in this market. Both units are currently occupied and generating strong rental income making this a true turnkey addition to any investment portfolio. Perfect for the seasoned investor seeking immediate cash flow or an owner-occupant looking to offset their mortgage with rental income. Thoughtfully renovated throughout with modern finishes requiring minimal capital expenditure allowing you to collect from day one. Located minutes from Seton Hall University, Vailsburg Park, major highways, and NJ Transit for seamless access to NYC. Opportunities like this do not last. Schedule your showing today.
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Full
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
38X105.7
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
1 Car Width
Spaces Available:
5
Unit 1
Bedrooms:
3
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Kitchen, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units
Heating Fuel:
Gas-Natural
Cooling:
2 Units, See Remarks
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Available
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
SPEEDWAY
High School:
SCIENCE
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$550,000
Tax Amount:
$5,786
Land Assessment:
$13,100
Build. Assessment:
$131,600
Total Assessment:
$144,700
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4042164
List Date:
07-21-2026
Days On Market:
1
Listing Broker:
RE/MAX PROFESSIONALS I
Listing Agent:
Alain Beade
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
