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Two-Unit Duplex

157 Milford Ave, Newark, NJ 07108

For Sale
$420,000

Both residences offer three bedrooms, a full bathroom, and separate living, dining, and kitchen areas.

Property SizeContact for details
Days on Market32

Property Features for 157 Milford Ave

General Information

Standard status Active
Property subtype Multi Family
Occupancy 100%

Property Condition

Severity Repairs Needed
Evidence Property needs renovations

Site & Location

Neighborhood South Broad Valley
Road Access Yes

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Additional Details

Gross Income $45,600
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $5,694
Listing Agency: REALTY ONE GROUP SUNRISE
Listed By: RASHEL TIXI
Source: Tkregroupinc
Added: Oct 9 Changed: Nov 6 Last Checked: Nov 9 at 11:06AM

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 REALTY ONE GROUP SUNRISE

Rey
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Investment Insights

Based on property information with market context.

This two-unit property has matching three-bedroom layouts, each with one full bathroom, a living room, dining room, and kitchen. The first-floor residence was renovated in 2026 and has a one-year lease; the second-floor unit is occupied on a month-to-month basis. An unfinished basement has plumbing hookups for a bathroom.

The property sits on a dead-end street, with street parking available. A backyard and the basement plumbing hookups are additional existing features.

Key Highlights

  • Two residences, each with 3 bedrooms and 1 full bathroom
  • Separate living room, dining room, and kitchen in each unit
  • First‑floor unit renovated in 2026 and leased for one year

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy
Yes
Paved road access

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
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Market

Average Price Trend$/SF for Duplexes in Newark, NJ

$329 Jul
$288 Aug
$231 Sep
$236 Oct

Properties on Market for Duplexes in Newark

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences offer three bedrooms, a full bathroom, and separate living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 157 Milford Ave Newark, NJ.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; Separate living room, dining room, and kitchen in each unit; First‑floor unit renovated in 2026 and leased for one year
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