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478 Fabyan Pl

Newark City, NJ 07112
  • $985,000
  • STATUS: Active Under Contract
  • ON SITE: 27 Days
  • ID#: 3956682
Under Contract
UPDATED: 81 min ago
$985,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1952
County:
Essex
Area:
Newark City

School Ratings & Info

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Description

Well maintained 4 family available in a great location on the boarder of Hillside and Newark. Conveniently located near major highways, minutes from Newark International Airport, 30 minutes from NYC, and easy access to public transportation. Two story building with two apartments on each floor. Apartment 1L is a large 3 bedroom 2 bath unit fully renovated in 2024. Apartment 1R is a 1 bedroom 1 bath unit. Apartment 2L is a large 2 bedroom, 2 bath. Apartment 2R is a large 2 floor unit , fully renovated in 2025 with 2 bedrooms and 2 bath. Separate utilities for each unit and full unfinished basement. NOI $64k+

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Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-11T23:46:01.76.
www.daunnorealty.com/homes/162567472
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478 Fabyan Pl Newark City, NJ 07112

  • Price: $985,000
  • Status: Active Under Contract
  • On Site: 27 Days
  • Updated: 81 min ago
  • ID#: 3956682
8
Beds
6
Baths
0
½ Baths
0.11
Acres
1952
Built
County:
Essex
Area:
Newark City
Property Description
Well maintained 4 family available in a great location on the boarder of Hillside and Newark. Conveniently located near major highways, minutes from Newark International Airport, 30 minutes from NYC, and easy access to public transportation. Two story building with two apartments on each floor. Apartment 1L is a large 3 bedroom 2 bath unit fully renovated in 2024. Apartment 1R is a 1 bedroom 1 bath unit. Apartment 2L is a large 2 bedroom, 2 bath. Apartment 2R is a large 2 floor unit , fully renovated in 2025 with 2 bedrooms and 2 bath. Separate utilities for each unit and full unfinished basement. NOI $64k+
Exterior Features

Approximate Lot Size 46X100 Exterior Description BrickStucco Exterior Features Sidewalk Number Of Parking Spaces 2 Parking Driveway Description 1 Car WidthDriveway-Exclusive Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description UnfinishedWalkout Cooling Window A/C(s) Heating 4+ UnitsBaseboard - Hotwater Interior Features Carbon Monoxide DetectorSmoke DetectorTile FloorsWood Floors Total Number Of Rooms 15 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchen Unit1 Rooms 2 Unit1 Security Deposit 1290 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 2.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment Carbon Monoxide DetectorRange/Oven - GasRefrigeratorSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 2 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 4 Unit4 Sq Ft 0

Property Features

Assessment Total 250000 Building Assessment 219200 Easement Unknown Exclusions Tenant Belongings Expenses Include Cold WaterInsuranceMaintenanceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 26618 Land Assessment 30800 Net Operating Income 64292 Sewer Public Sewer Tax Amount 11538 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 90912 Unit Style 2-Two Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1290 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2500 Unit2 Security Deposit 2500 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 2272 Unit3 Security Deposit 2272 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 1514 Unit4 Security Deposit 1514 Utilities ElectricGas In Street Water Public Water Year Built Description Approximate Zoning R2

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of EXIT REALTY LUCKY ASSOCIATES: 973-817-7700.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-11T23:46:01.76.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066