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$550,000
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Property 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.
Full Property Details
Full Property Details for 113 N Munn Ave
General
- Price: $550,000
- Taxes: $5,786 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4042164
- Updated: 7/21/2026
- Added to Site: 18 day(s) ago
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Location
- County: Essex
- Driving Directions: 113 N Munn Ave is located in the Lower Vailsburg neighborhood of Newark, NJ 07106
School Information
- Middle School: SPEEDWAY
- High School: SCIENCE
Heating & Cooling
- Cooling Type: 2 Units, See Remarks
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Available
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt Shingles
- Year Built: 1905
- Remodeled/Updated: 2025
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 38 x 105.7
- Driveway/Sidewalk: 1 Car Width
Financial Considerations
- Assessment Amount: $131,600
- Land Assmt: $13,100
- Tax Amount: $5,786
- Tax Year: 2025
Disclosures and Reports
- Block: 4220
- Lot Number: 5
Listed by Re/Max Professionals I
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Schools
Schools serving 113 N Munn Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 0.2 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1 mi |
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 1.1 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.8 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.8 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 2 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.4 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 1.4 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 113 N Munn Ave
Date
Details
Price
Change
Source
7/21/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 113 N Munn Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,787
7%
$144,700
—
2023
$5,394
—
$144,700
—
2022
$5,406
—
$144,700
—
2021
$5,403
33%
$144,700
—
2021
$4,073
-25%
$144,700
—
2019
$5,442
2%
$144,700
—
2018
$5,344
4%
$144,700
—
2017
$5,151
3%
$144,700
—
2016
$4,978
4%
$144,700
—
2015
$4,788
12%
$144,700
—
2013
$4,273
—
$144,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 113 N Munn Ave
113 N Munn Ave, Newark, NJ 07106 (MLS# 4042164) is a Multi-Family property with 2 units containing 7 bedrooms and 4 full bathrooms. 113 N Munn Ave is currently listed for $550,000 and was received on July 21, 2026. Want to learn more about 113 N Munn Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

