Renovated Triplex with Flexible
For Sale
Contact for pricing
51 Myrtle Avenue, Newark, NJ 07107
Recent renovations, current occupancy, and two month-to-month leases provide a flexible residential income configuration.
Property SizeContact for details
Days on Market38
Property Features for 51 Myrtle Avenue
General Information
Standard status
Active
Property subtype
Multi Family 2-4 Units
Additional Details
Public Transit
Yes
Multifamily Units
3
Building Details
Buildings
1
Listing Agency:
Prominent Properties Sotheby's International Realty-Montclair
(973) 460-4674
Listed By:
Tiffany Booker
(973) 460-4674
Source:
Capmarkrealty
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 28 at 7:43AM
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 Prominent Properties Sotheby's International Realty-Montclair
Investment Insights
Based on property information with market context.
This three-unit residential property has undergone significant renovations within the last few years and is currently occupied by tenants. Two units are leased month-to-month, giving the next owner flexibility in managing lease terms or pursuing owner occupancy.
The property is located in Newark, NJ, near public transportation, local shopping, and essential services. Its three-family configuration and updated condition support continued use as a residential income property.
The property is located in Newark, NJ, near public transportation, local shopping, and essential services. Its three-family configuration and updated condition support continued use as a residential income property.
Key Highlights
- Three‑family residential property configured as a triplex
- Significant renovations completed within the last few years
- Currently occupied by tenants
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Recent renovations, current occupancy, and two month-to-month leases provide a flexible residential income configuration.
Where is this triplex located?
The property is located at 51 Myrtle Avenue Newark, NJ.
What are key features of this property?
This property features: Three‑family residential property configured as a triplex; Significant renovations completed within the last few years; Currently occupied by tenants
