93 Davenport Ave 4, Newark City, NJ, 07107

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$1,150,000
50 Days On Site

93 Davenport Ave 4
Newark City, NJ 07107

For Sale|Quadruplex|Active
12
Beds
4
Total Baths
4
Full Baths
4,550
SqFt
$253
/SqFt
1957
Built
Subdivision:
Upper Roseville
County:
Essex

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(973) 577-1299
93 Davenport Ave 493 Davenport Ave 493 Davenport Ave 493 Davenport Ave 4
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100% Occupied 4-Unit Brick Asset 8.20% CAP $94,339 NOI Exceptional investment opportunity in the Upper Roseville section of Newark. This fully occupied, turnkey 4-unit brick multifamily building is a high-yield performer, generating a Net Operating Income (NOI) of $94,339 with a strong 8.20% CAP rate.The property features (4) spacious 3-bedroom, 1-bathroom units, all currently occupied, providing immediate and stable cash flow. A standout feature of this asset is the extensive on-site parking, which includes a detached 2-car garage plus 4 additional off-street parking spaces. This provides a lucrative opportunity for ancillary income or a premium amenity for residents.The building is designed for low-overhead management with separate utilities; residents are responsible for their own gas and electric. Solid brick construction ensures durability and lower maintenance requirements over time. Located just 0.2 miles from the Davenport Ave Light Rail for easy commuting to Newark Penn Station and NYC. Sold in as-is condition.Fully occupied. NOI of $94,339 includes current residential rents and parking/garage income. Total parking: 2-car garage + 4 surface spots. Separate meters for all units.

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Listing Snapshot
Price 
$1,150,000
Days On Site 
50 Days
Bedrooms 
12
Inside Area (SqFt) 
4,550 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.06 Acres
Year Built 
1957
MLS® Number 
4021089
Status 
Active
Property Tax 
$9,997
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.06
Carport 
6
Garage 
Yes
Garage Spaces 
2
Parking 
Detached
Parking Spaces 
6
Property Sub Type 
Quadruplex
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
4550
Style 
Fourplex
Utilities 
Natural Gas Available
Water Source 
Public
Interior Features
Appliances 
Gas Water Heater
Basement 
FullUnfinished
Heating 
Natural Gas
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Exterior Features
Construction Details 
Brick
Lot Features 
Corner Lot
Roof 
Rubber
Schools
School District
Unknown
Elementary School
ABINGTON
Middle School
Unknown
High School
TECHNOLOGY
Listing courtesy of LIVX

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. 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. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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