$8,301 Closing Credit¹
#25011743, Eyal Levy, Listing office: Keller Williams Park Views
$699,000 List price
116 Mapes Ave Unit 3 Newark City, NJ 07112
$8,301
Closing credit¹
6 beds
4 full
0.08 acres
Multi-Family
Property details
About 116 Mapes Ave Unit 3
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.
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
CoolingCeiling Fan(s)
BasementYes
Lot size0.08 Acres
Year built1922
Parking1 Car Width, See Remarks
MLS #3971766
Summary
- Full Bathrooms: 4
- Appliances: Microwave
- Basement: Yes
- Interior: Carbon Monoxide Detector, Fire Extinguisher, Stain Glass Windows
- Total Bedroom Count: 6
- Parking: 1 Car Width, See Remarks
- Architectural Style: 3-Three Story
- Heating: Natural Gas
- Cooling: Ceiling Fan(s)
- List Price: $699,000
- Directions: Follow GPS
- Year Built: 1922
- Lot Size: 0.08 Acres
- MLS Number: 3971766
- Office Name: EMERA REALTORS
- Office Phone: (732) 970-6996
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Last updated on: 6/29/2025, 1:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$699,000
116 Mapes Ave Unit 3
$8,301
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
George Washington School
Public District 5-5
1.1 mi
•1530 Leslie St
4
Thurgood Marshall Elementary School
Public District PK-5
1.2 mi
•141 Montgomery Ave # 181
3
Mt. Vernon Avenue Elementary School
Public District KG-5
1.4 mi
•54 Mount Vernon Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,662. Residents of Newark City, NJ typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
34%
<35k
56%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
25%
Single, with Kids
10%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
37%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 116 Mapes Ave Unit 3
The listing price of 116 Mapes Ave Unit 3 property is $699,000.
The property 116 Mapes Ave Unit 3 is a multi located in Newark City, New Jersey, 07112.
Active Listing: 116 Mapes Ave Unit 3 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 Mapes Ave Unit 3 are: George Washington School (GreatSchools Rating 4/10), Thurgood Marshall Elementary School (GreatSchools Rating 4/10), Mt. Vernon Avenue Elementary School (GreatSchools Rating 3/10), Dayton Street Elementary School (GreatSchools Rating 2/10), George Washington Carver Elementary School (GreatSchools Rating 2/10), Hawthorne Avenue Elementary School (GreatSchools Rating 2/10), Team Academy Charter School (GreatSchools Rating 5/10), Eagle Academy for Young Men of Newark (GreatSchools Rating 1/10), Weequahic High School (GreatSchools Rating 1/10).
The year of construction for 116 Mapes Ave Unit 3 is 1922.
This home is located at 116 Mapes Ave Unit 3 in Newark City, NJ and zip code 07112 in the Weequahic neighborhood. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $699,000.
The number of homes for sale in Newark City, NJ increased by 20.2% between April and May 2025. While the average time on the market in May 2025 was 96 days, the median list price was $487,177.
From Rocket Homes Real Estate and based on county public records data.