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    171 Milford Ave Newark, NJ 07108

    For Sale
    $450,000

    Two-family home in Newark with development opportunities.

    Lot size:
    0.08 Acres

    Property Features for 171 Milford Ave

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1907

    Source: KELLER WILLIAMS CITY VIEWS REALTY Agent OSCAR NUNEZ-PAZ

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

    Overview

    Newark Duplex with Expansion Potential

    This two-family home is located in Newark and features a vacant duplex unit on the second and third floors, which includes 3 bedrooms and 1 bathroom. The first floor is tenant-occupied, providing rental income. The property is situated on a 132-foot lot, offering potential for future expansion. A private driveway is included. The property is located on a quiet dead-end street with minimal traffic, with convenient access to major highways, public transportation, and Newark Airport. The unfinished basement offers additional potential for value add.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1919652
    Latitude
    40.7165213

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    FAQs

    What type of property is this?
    Duplex - Two-family home in Newark with development opportunities.
    Where is this duplex located?
    The property is located at 171 Milford Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Vacant 3-bedroom duplex unit ready for immediate occupancy or rental.; - Tenant-occupied first floor provides immediate rental income.; - Extra deep 132-foot lot offers potential for future expansion.
    (201) 592-8900
    Request Owner's contact information
    171 Milford Ave Newark, NJ 07108
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    Newark, NJ 07108
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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
    171 Milford Ave Newark, NJ 07108
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