113 N Munn Ave, Newark, NJ, 07106
About This Home
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.
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1905
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range/Oven - Gas,See Remarks
Basement
- Has basement: Yes
- Basement: Yes,Full
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Features
- Bedrooms,Kitchen,See Remarks
Heating & Cooling
- Heating features: 2 Units,Natural Gas
- Cooling features: 2 Units,See Remarks
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 1614042200000000050000
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 3,920 sqft
- Lot size dimensions: 38 x 105.7
Parking
- Total spaces: 5
- Parking features: 1 Car Width
- Uncovered spaces: 5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,781 | $33,372 |
| Home Insurance * | $298 | $3,576 |
| Property Taxes | $962 | $11,544 |
| Electricity | $193 | $2,318 |
| Total | $4,234 | $50,808 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-21 | Listed for sale | $550,000 |
| 2021-07-12 | Sold | $350,000 |
| 2020-11-20 | Listing removed | $399,000 |
| 2020-11-14 | Listed for sale | $399,000 |
| 2017-12-07 | Listing removed | $350,000 |
| 2017-06-06 | Listed for sale | $350,000 |
| 2017-01-04 | Sold | $75,855 |
| 2016-11-02 | Price change | $148,761 |
| 2016-04-05 | Price change | $25,000 |
| 2016-01-29 | Listed for sale | -- |
| 2015-06-30 | Listing removed | -- |
| 2014-12-19 | Listed for sale | -- |
| 2011-09-01 | Listing removed | $190,000 |
| 2011-08-30 | Listed for sale | $190,000 |
For Sale by Agent
View on Zillow