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Spacious 3-Bedroom Apartment in Newark
For Lease
$3,000/Mo

56 Monticello Ave, Newark, NJ 07106

Bright, spacious 3-bedroom apartment with modern kitchen and convenient location.

Space SizeContact for details
Lot Size0.09 Acres
Days on Market254

Property Features for 56 Monticello Ave

General Information

Standard status Active
Lot size 0.09 Acres
Property subtype Multi Family

Building Details

Year Built 1930
Listing Agency:
Listed By: TRACY CHERRY-ARNOLD
Source: Elliman
Added: Nov 28, 2025 Changed: Jul 6 Last Checked: Aug 9 at 10:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRACY CHERRY-ARNOLD

Investment Insights

Based on property information with market context.

This 3-bedroom apartment is located in the Vailsburg section. It features a sunroom that can be used as a den or office. The apartment has generously sized rooms, hardwood and updated vinyl floors, and a living room with a fireplace. The kitchen is equipped with granite countertops and stainless steel appliances. The property is conveniently located near South Orange, shops, restaurants, colleges, and transportation to New York City and local destinations.

Key Highlights

  • Convenient location near South Orange, shops, restaurants, colleges, & NYC/local transportation.
  • Granite countertops & stainless steel appliances in the kitchen.
  • Bright and spacious 3‑bedroom apartment.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,256
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Bright, spacious 3-bedroom apartment with modern kitchen and convenient location.
Where is this apartment building located?
The property is located at 56 Monticello Ave Newark, NJ.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: Convenient location near South Orange, shops, restaurants, colleges, & NYC/local transportation.; Granite countertops & stainless steel appliances in the kitchen.; Bright and spacious 3‑bedroom apartment.
More about this property
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