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    48 Cedar Ave Newark, NJ 07106

    For Sale
    $725,000

    Three-unit property with detached garage in evolving Newark neighborhood.

    Lot size:
    0.09 Acres

    Property Features for 48 Cedar Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1930

    Source: THE REAL ESTATE COMPANY Agent HERNAN CASTRO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Family Home in Newark

    Located in the evolving Lower Vailsburg neighborhood of Newark, this property features a three-family home. The property includes three unique units, a detached garage, and drive access. This property is suitable for investors seeking rental income or homeowners looking for rental income. The property is located in a lively, walkable community.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -74.2189724
    Latitude
    40.7465582

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    FAQs

    What type of property is this?
    Triplex - Three-unit property with detached garage in evolving Newark neighborhood.
    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 $725,000.
    What are key features of this property?
    This property features: - Three separate units offer income potential for investors or homeowners.; - Located in Newark's Lower Vailsburg, an evolving neighborhood.; - Includes a detached garage.
    (908) 686-7800
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    48 Cedar Ave Newark, NJ 07106
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    Newark, NJ 07106
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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
    48 Cedar Ave Newark, NJ 07106
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