Well-Maintained Newark Triplex For
For Sale
$749,999
48 Cedar Ave, Newark, NJ 07106
Three-unit property with strong rental income potential in Newark, NJ.
Days on Market82
Property Features for 48 Cedar Ave
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Year Built
1930
Listing Agency:
Exodus Real Estate
(732) 737-9013
Listed By:
SAMANTHA LAMPTEY
Source:
Elliman
Added: May 12
Changed: Jul 10
Last Checked: Jul 31 at 7:47AM
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 Exodus Real Estate
Investment Insights
Based on property information with market context.
The property at 48 Cedar Ave is a well-maintained three-family building with strong rental potential and immediate cash flow. The first floor apartment features three bedrooms and one bathroom and is currently rented for $2,150 per month. The second floor unit also includes three bedrooms and one bathroom, with access to the basement and garage, generating $2,798 per month. The third floor offers a two-bedroom, one-bathroom unit, which is currently vacant. This unit is suitable for an owner-occupant or can be leased for additional income, with projected rent at $1,750 per month. The property is located just off South Orange Ave, providing convenient access to major highways, public transportation, shopping, and schools. The location has a walk score of 78, indicating it is very walkable, a transit score of 68, indicating good transit options, and a bike score of 51, indicating it is bikeable. This property presents an opportunity for investors looking to expand their portfolio or buyers seeking to offset their mortgage with rental income.
Key Highlights
- Strong rental income potential with two units generating $4,948/month.
- Opportunity for owner‑occupancy with a vacant 2‑bedroom unit, projecting $1,750/month in rental income.
- Second‑floor unit includes access to the basement and garage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three-unit property with strong rental income potential in Newark, NJ.
Where is this multifamily property located?
The property is located at 48 Cedar Ave Newark, NJ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Strong rental income potential with two units generating $4,948/month.; Opportunity for owner‑occupancy with a vacant 2‑bedroom unit, projecting $1,750/month in rental income.; Second‑floor unit includes access to the basement and garage.
