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    348 Ellery Ave, Unit 3 Newark, NJ 07106

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    For Lease
    $1,950 /Mo

    Two-bedroom apartment near transportation and amenities in Newark.

    Lot size:
    0.09 Acres

    Property Features for 348 Ellery Ave

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1952

    Source: BHGRE ELITE Agent JAZMINE CLAUSEN-SOIR

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

    Overview

    Newark Apartment with Parking

    Located on the second floor of 348 Ellery Ave in the Vailsburg section of Newark, Unit 3 is a 2-bedroom, 1-bath apartment. The unit includes a spacious living room and an eat-in kitchen equipped with cabinet storage. The bedrooms are well-sized and offer ample natural light. The bathroom features tile finishes and standard fixtures. Parking is available. The property is located close to NJ Transit bus lines and the South Orange train station, facilitating commutes to Newark and New York City. Nearby amenities include Seton Hall University, Vailsburg Park, local schools, shopping, and restaurants.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -74.2377242
    Latitude
    40.7392802

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    FAQs

    What type of property is this?
    Apartment building - Two-bedroom apartment near transportation and amenities in Newark.
    Where is this apartment building located?
    The property is located at 348 Ellery Ave, Unit 3 Newark, NJ.
    What are key features of this property?
    This property features: - Convenient Commuting: Easy access to Newark and New York City with close proximity to NJ Transit bus lines and South Orange train station.; - Parking Available: Offers the convenience of on-site parking.; - Spacious Living Room: Features a generously sized living area.
    (908) 316-8530
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    348 Ellery Ave, Unit 3 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
    348 Ellery Ave, Unit 3 Newark, NJ 07106
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