116 Mayor Gibson

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/ Sq. Ft.
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per Sq. Ft.

Description

Investor Special 3-Unit in Newark Great opportunity for investors. Three-family property with strong rental potential. Each unit has its own kitchen, bath, and living area. Needs renovation but offers excellent upside for income or resale. Full basement for storage. Convenient location close to transportation and schools. Property sold as-is, Purchaser responsible for CO.Investor Special 3-Unit in Newark Great opportunity for investors. Three-family property with strong rental potential. Each unit has its own kitchen, bath, and living area. Needs renovation but offers excellent upside for income or resale. Full basement for storage. Convenient location close to transportation and schools. Property sold as-is, Purchaser responsible for CO.
  1. Listed by YOSEF BEANE • KEYPOINT REALTY LLC

Property Details for 116 Mayor Gibson

Directions
see map
Days On Market
0
LISTING UPDATED: 10/23/2025 05:48 PM

Property Details for 116 Mayor Gibson

StatusActive
MLS #3994285
Days on Market86
Taxes$11,595 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1897
Lot Size0.07 AC / 3,049 SF
CountyEssex County

Location

Listing Courtesy of KEYPOINT REALTY LLC, YOSEF BEANE
Add your commute

Building Information for 116 Mayor Gibson

Stories-Residences3Year Built1897Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$3,696 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,729

Property Taxes

$966

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 116 Mayor Gibson

Summary
Location and General Information
  • Address Included: Y
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 522
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 116.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Mayor Gibson
  • Zip Code: 07104-4854
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $11,595
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 304900.0
  • Tax ID For Property: 1614-00522-0000-00051-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: See Remarks
Property
Lot Information
  • Lot Identifier: 51
  • Approximate Lot Size: 30X100
  • Total Acres: 0.07
  • Construction Date/Year Built: 1897
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 288000.0
  • Assessment Land: 16900.0
Utilities
  • Cooling: No Cool
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: Baseboard - Hotwater
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: See Remarks
Interior Features
  • Roof Description: See Remarks
  • Basement: Yes
  • Basement Description: Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: See Remarks
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 2
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: See Remarks
  • Unit 1 Rooms: 4.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: See Remarks
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: See Remarks
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: See Remarks
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: See Remarks
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Unit 4 Information
  • Unit 4 Appl/Equip: See Remarks
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 116 Mayor Gibson

DateEvent & SourcePriceAppreciation
Oct 23, 2025

Listed (Active)

GSMLS #3994285

$560,000
May 31, 2022

Sold (Public Record)

Public Record #1496462030

$550,000

+6741830.6% / yr

Apr 5, 2022

Sold (Public Record)

Public Record #1488320471

$100,000
DateEvent & SourcePrice
10/23/2025

Listed (Active)

GSMLS #3994285

$560,000
05/31/2022

Sold (Public Record)

Public Record #1496462030

$550,000

+6741830.6% / yr

04/05/2022

Sold (Public Record)

Public Record #1488320471

$100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Mayor Gibson

Taxable ValueLand$16,900Additions$288,000Total$304,900
Tax Record2024$11,595 ($966 / month)
Home Facts
Beds0Total Finished SqFt2,078 SqFtAbove Grade Finished SqFt2,078 SqFtStories2Lot Size3,001 SqFtStyleSingle Family ResidenceYear Built1897CountyESSEXAPN14 00522-0000-00051

Schools near 116 Mayor Gibson

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Rafael Hernandez Elementary School
PublicPK to 8

Franklin Elementary School
PublicPK to 8

McKinley Elementary School
PublicPK to 8

Roberto Clemente Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

116 Mayor Gibson is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on October 23, 2025 by KEYPOINT REALTY LLC, it's currently listed at $560,000. It has been on the market for a total of 86 days and was last sold on May 31, 2022. This listing's school district is The Newark Public School District. Nearby schools include Rafael Hernandez Elementary School, Franklin Elementary School and McKinley Elementary School. 116 Mayor Gibson is a 6-bed, 3-bath, multi-family home built in 1897.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KEYPOINT REALTY LLC, YOSEF BEANE

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 01/18/2026 03:04 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 01/18/2026 03:04 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.