Three-Family
For Sale
$749,999
48 Cedar Ave, Newark, NJ 07106
MULTI_FAMILY - Newark City, NJ
Lot Size0.09 Acres
Days on Market83
Property Features for 48 Cedar Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 8, Bedroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 3, Bedroom 5
Parking
1
Directions
Between South Orange Avenue & 14th Avenue
Standard status
Active
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10793
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXODUS REAL ESTATE
(732) 737-9013
Listed By:
SAMANTHA LAMPTEY
(732) 737-9013
Added: May 11
Changed: Jul 31
Last Checked: Aug 1 at 1:06AM
MLS# 4026803
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
48 Cedar Ave is a well-maintained three-family (triplex) property built in 1930 on a 0.09-acre lot. The 1st floor offers 3 bedrooms and 1 bathroom and is currently rented. The 2nd floor features 3 bedrooms and 1 bathroom and includes access to the basement and garage. The 3rd floor has a 2-bedroom, 1-bath layout and is currently vacant.
The property is ideally located just off South Orange Ave, providing convenient access to major highways, public transportation, shopping, and schools. Public water and public sewer services are available, and the roof is shingle.
With three separate residential units, this triplex can support a variety of ownership strategies, including collecting rental income while considering how to position the vacant unit.
The property is ideally located just off South Orange Ave, providing convenient access to major highways, public transportation, shopping, and schools. Public water and public sewer services are available, and the roof is shingle.
With three separate residential units, this triplex can support a variety of ownership strategies, including collecting rental income while considering how to position the vacant unit.
Key Highlights
- Three‑family (triplex) property on 0.09‑acre lot
- Built in 1930 with shingle roof
- 1st‑floor unit: 3 bedrooms, 1 bath, currently rented
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family triplex with public water and sewer, shingle roof, and a mix of rented and vacant units.
Where is this triplex located?
The property is located at 48 Cedar Ave Newark, NJ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Three‑family (triplex) property on 0.09‑acre lot; Built in 1930 with shingle roof; 1st‑floor unit: 3 bedrooms, 1 bath, currently rented
