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Updated Triplex with Basement
New
For Sale
$750,000

130 Milford Ave, Newark, NJ 07108

Three-bedroom apartments, recent renovations, and an unfinished basement support flexible ownership or rental use.

Property SizeContact for details
Days on Market4

Property Features for 130 Milford Ave

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $11,173

Building Details

Year Built 1902
Units 3
Listing Agency: eXp Realty, LLC
Listed By: CAMILLE HAYNES
Source: Elliman
Added: Sep 12 Changed: Sep 13 Last Checked: Sep 15 at 8:06AM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This three-family property at 130 Milford Ave in Newark includes three separate apartments, each arranged with 3 bedrooms and 1 full bathroom. The first- and third-floor units have been updated, while the second-floor apartment underwent renovation approximately one year ago. Bathrooms on the first and second floors feature new updates. An unfinished basement provides storage space and additional room for future use.

The top-floor apartment has a long-term tenant in place. Walk Score is 71, designated Very Walkable; Transit Score is 57, designated Good Transit; and Bike Score is 42, designated Somewhat Bikeable. The property is near major roadways, public transportation, parks, shopping, and local restaurants. Built in 1902, the home offers a three-unit configuration for an owner-occupant or multifamily investor.

Key Highlights

  • Legal 3‑family property with three 3‑bedroom, 1‑bathroom apartments
  • First- and third‑floor units updated; second floor renovated approximately one year ago
  • Newly updated bathrooms on the first and second floors

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Law Firm Nursing Home (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,148
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-bedroom apartments, recent renovations, and an unfinished basement support flexible ownership or rental use.
Where is this triplex located?
The property is located at 130 Milford Ave Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Legal 3‑family property with three 3‑bedroom, 1‑bathroom apartments; First- and third‑floor units updated; second floor renovated approximately one year ago; Newly updated bathrooms on the first and second floors
More about this property
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