Renovated Three-Family
51 Myrtle Ave 3 Newark, NJ 07107
51 Myrtle Ave 3, Newark, NJ, 07107
$775,000
For Sale
$775,000
Renovated three-family property with current tenant occupancy and two month-to-month units for flexible leasing options.
Days on Market29
Property Features for 51 Myrtle Ave 3
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1952
Listing Agency
PROMINENT PROPERTIES SIR
(973) 744-5544
Listed by
TIFFANY BOOKER · License #304502
Source
Elliman
Added: Jun 19 Checked: Jul 17 at 6:27 am
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Investment Insights
Based on property information with market context.
This renovated three-family home is currently occupied and configured as three separate residential units. The property has undergone significant renovation work within the last few years, providing updated interior conditions for long-term rental use. Two of the units are on month-to-month leases, giving the next owner added flexibility relative to fixed-term tenancies while maintaining occupancy across the building.
The property is located in Newark and is described as being convenient to public transportation, local shopping, and essential services. WalkScore is listed as 69 (somewhat walkable) and transitScore is listed as 61 (good transit), with a bikeScore of 50 (bikeable), supporting everyday accessibility for tenants.
For investors or owner-occupants, this setup offers a practical mix of stability and flexibility, with the building operating under current tenant occupancy and two units on month-to-month terms. Prospective buyers should review the specific lease dates and unit-by-unit arrangements, given the variation in lease structure across the property.
The property is located in Newark and is described as being convenient to public transportation, local shopping, and essential services. WalkScore is listed as 69 (somewhat walkable) and transitScore is listed as 61 (good transit), with a bikeScore of 50 (bikeable), supporting everyday accessibility for tenants.
For investors or owner-occupants, this setup offers a practical mix of stability and flexibility, with the building operating under current tenant occupancy and two units on month-to-month terms. Prospective buyers should review the specific lease dates and unit-by-unit arrangements, given the variation in lease structure across the property.
Key Highlights
- Renovated three‑family home built in 1952 with current tenant occupancy
- Two units are on month‑to‑month leases, allowing flexible leasing changes
- Significant renovations completed within the last few years
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated three-family property with current tenant occupancy and two month-to-month units for flexible leasing options.
Where is this triplex located?
The property is located at 51 Myrtle Ave 3 Newark, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Renovated three‑family home built in 1952 with current tenant occupancy; Two units are on month‑to‑month leases, allowing flexible leasing changes; Significant renovations completed within the last few years
