48 Cedar Ave Newark, NJ 07106

Building Details

Year Built

1930

Listing office Exodus Real Estate l***@exodusrepm.com Show Phone

Listing date May 12, 2026

Source Elliman

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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.

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FAQs

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.