For Multi Family

103 Mount Vernon Pl,Newark City, NJ 07106-3307

December 18, 2025

Corner Lot Brick Two-Family. Two-Story home on a prime corner lot in desirable Upper Vailsburg. This property could be your cash-flow powerhouse with huge rental income potential from its spacious apartments, each with separate utilities. Includes a full basement, laundry area, and a 2-car attached garage. Convenient location near parks, schools, and transportation. Perfect for an investor or an owner-occupant looking to generate passive income!

Property ID:PT-21150063-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 599,000 $

Bedrooms:4

Year Built:1962

Listing Details

Status: Active

Location

County: Essex

Lotsize: 65X100

Lot Identifier: 26

Lot Description: Corner

Lot Identifier: 26

Home Details

Subdivision: Vailsburg

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished

Acreage: 0.15

Total Baths: 2.10

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 12

Easement/Desc: No

Exterior Description: Brick

Roof Description: Composition Shingle

Possesion: 60-90 days

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 1400

Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Master Bedroom

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water

Unit 2 Handicap: No

Unit 2 SqFt: 1400

Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Master Bedroom

Color of Building: Brick

Garage Description: Attached Garage

Number of Garage Spaces: 2

Block Identifier: 4148.01

County Number: 16

Town Number: 1614

YB/Desc: 1962 - Approximate

Color of Building: Brick

Easement: No

Parking/Driveway Description: Blacktop, Driveway-Exclusive

Block Identifier: 4148.01

County Number: 16

Town Number: 1614

Possession: 60-90 days

Taxes, Fees & Assessments

Warranty: No

Tax ID For Property: 1614-04148-0001-00026-0000-

Tax Amount: $7,925.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $37,500.00

Building Assessment: $170,900.00

Total Assessment: $208,400.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 2 Units, Radiators - Hot Water

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground, Electric, Gas-Natural

Services: Cable TV Available

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Listing Details

103 Mount Vernon Pl,Newark City, NJ 07106-3307

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