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    137 Renner Ave Newark, NJ 07112

    Pending
    For Sale
    $649,999

    3-Three Story, Multi-Family - Newark City, NJ

    Lot size:
    0.07 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 137 Renner Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
    Bedrooms
    8
    Bathrooms
    3
    Basement Y/N
    1
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Other (Heating), See Remarks (Heating), Steam

    Building Details

    Year built
    1901
    Number of units
    3
    Building materials
    Cedar
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Century 21 Vox Realty (908) 851-2121 [email protected]

    Listing agent CINTIA D URSO (908) 851-2121

    Listing date Nov 27, 2025

    MLS# 3982097 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multi-Family Home, Newark City

    This recently renovated three-story multi-family home in Newark City, NJ, offers great income potential. The property features two spacious units, each with 3 bedrooms and 1 bath, plus a comfortable 2-bedroom, 1-bath unit. All apartments have generous layouts, natural light, and functional living spaces. The lot size is 0.07 acres. The property is conveniently located near major transportation routes, including the Garden State Parkway, Routes 1 & 9, and I-78, facilitating commutes to NYC and surrounding areas. It is also close to shopping centers, restaurants, schools, and public transportation. This property presents an excellent opportunity in a desirable location, suitable for investors or owner-occupiers looking to rent out the other units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Laughalotfamilydaycare Child Care Agency Kaiistylez Mobile Hairdresser

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.20517
    Latitude
    40.71096

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    FAQs

    What type of property is this?
    Triplex - Recently renovated 3-family home with income potential near transportation.
    Where is this triplex located?
    The property is located at 137 Renner Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $649,999.
    What are key features of this property?
    This property features: - Great income potential as a recently renovated 3-family home.; - Convenient location near major transportation routes (Garden State Parkway, Routes 1 & 9, I-78) for easy commuting to NYC.; - Two spacious units with 3 bedrooms and 1 bath each.
    (908) 851-2121
    Request Owner's contact information
    137 Renner Ave Newark, NJ 07112
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    Newark, NJ 07112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    137 Renner Ave Newark, NJ 07112
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