Newark City Multi-Family
48 Cedar Ave, Newark, NJ 07106
New
- Added:
- May 11, 2026
- Days on Market:
- 7
- Last Refresh:
- May 17 at 7:06 pm
Property Features for 48 Cedar Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen
- Parking
- 1
- Basement Y/N
- 1
- Appliances
- Oven - Gas, Range
- Standard status
- Active
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10793
Building Details
- Year built
- 1930
- Number of units
- 3
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent SAMANTHA LAMPTEY (732) 737-9013
Listing office EXODUS REAL ESTATE 1200 MORRIS TURNPIKE, Union, NJ (732) 737-9013
Listing date May 11, 2026
MLS# 4026803
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong rental income potential: $4,948/month from two units.
- Vacant 2‑bedroom unit offers owner‑occupancy or $1,750/month potential.
- Desirable location near major highways, public transportation, shopping, and schools.
- Well‑maintained 3‑family property offering immediate cash flow.
- Second‑floor unit includes access to the basement and garage.
- Built in 1930 with a basement and asphalt/shingle roof.
Overview
Located in Newark City, NJ, 48 Cedar Ave is a well-maintained 3-family property that offers rental potential and immediate cash flow. The first floor features 3 bedrooms and 1 bath, currently rented for $2,150 per month. The second-floor unit includes 3 bedrooms and 1 bath, with access to the basement and garage, generating $2,798 per month. The third floor offers a 2-bedroom, 1-bath unit, which is currently vacant, making it suitable for an owner-occupant or for leasing to generate additional income, projected at $1,750 per month. Situated just off South Orange Ave, the property provides convenient access to major highways, public transportation, shopping, and schools. The lot size is 0.09 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.21908
- Latitude
- 40.7466
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained 3-family property with strong rental income potential.
Where is this triplex 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: $4,948/month from two units.; Vacant 2‑bedroom unit offers owner‑occupancy or $1,750/month potential.; Desirable location near major highways, public transportation, shopping, and schools.
