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    54 3Rd St, Unit 3 Newark, NJ 07107

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    For Lease
    $1,800 /Mo

    Recently renovated 3-bedroom unit near transportation and shopping.

    Lot size:
    0.05 Acres

    Property Features for 54 3Rd St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1914

    Source: EXP REALTY, LLC Agent NAEEM BOUCHER

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

    Overview

    Renovated Multifamily Unit For Rent

    This recently renovated multifamily unit is available for rent. It features three bedrooms, including one extra-large, one medium-large, and one medium-small. The unit includes a full living room and a combination kitchen/dining area, offering flexible use of space. It is equipped with forced hot air. The property is located close to the highway and Central Avenue, with convenient access to nearby stores. The location provides easy access to transportation, with Jersey City approximately 15-20 minutes away and New York City approximately 30 minutes away.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -74.1894836
    Latitude
    40.7494291

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    FAQs

    What type of property is this?
    Multifamily property - Recently renovated 3-bedroom unit near transportation and shopping.
    Where is this multifamily property located?
    The property is located at 54 3Rd St, Unit 3 Newark, NJ.
    What are key features of this property?
    This property features: - Recently renovated condition; - Convenient access to highway and Central Ave; - Proximity to stores
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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
    54 3Rd St, Unit 3 Newark, NJ 07107
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