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    122 3Rd Ave Newark, NJ 07104

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    For Lease
    $3,500 /Mo

    Remodeled 6-bedroom home with large backyard, convenient location.

    Lot size:
    0.06 Acres

    Property Features for 122 3Rd Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1908

    Source: NEW DIRECTION REALTY Agent JENNIFER RAMOS

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

    Overview

    Spacious Remodeled Home For Rent

    This remodeled home features 6 bedrooms, 2 full bathrooms, and 1 half bathroom. The property offers a generous layout and a large backyard suitable for entertaining. The home has been recently updated and is move-in ready. It is located near major highways, shopping centers, schools, and universities, providing convenient access to amenities. Transportation to New York City is facilitated by nearby bus, train, and PATH service.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -74.1720038
    Latitude
    40.7597141

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    FAQs

    What type of property is this?
    Multifamily property - Remodeled 6-bedroom home with large backyard, convenient location.
    Where is this multifamily property located?
    The property is located at 122 3Rd Ave Newark, NJ.
    What are key features of this property?
    This property features: - Six bedrooms provide ample space.; - Large backyard is ideal for entertaining.; - Recently remodeled and move-in ready.
    (833) 984-4663
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    122 3Rd Ave Newark, NJ 07104
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    Newark, NJ 07104
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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
    122 3Rd Ave Newark, NJ 07104
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