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Spacious Apartment in Vailsburg Section
For Lease
$3,000/Mo

56 Monticello Ave, Newark, NJ 07106

Three-bedroom apartment with sunroom, updated kitchen, and convenient location.

Space SizeContact for details
Property Size2 SF
Lot Size0.09 Acres
Days on Market153

Property Features for 56 Monticello Ave

General Information

Standard status Active
Size 2 SF
Lot size 0.09 Acres
Property subtype Multi Family
Lease Term 12 months

Building Details

Building Size 2 SF
Year Built 1930
Listing Agency:
Listed By: TRACY CHERRY-ARNOLD
Source: Elliman
Added: Mar 10 Changed: Jul 6 Last Checked: Jul 6 at 10:59AM

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 TRACY CHERRY-ARNOLD

Investment Insights

Based on property information with market context.

This is a bright and spacious three-bedroom apartment located in the Vailsburg section. The apartment features a sunroom that can be used as a den or office. The rooms are generously sized and include hardwood and updated vinyl floors. The living room is centered around a fireplace. The kitchen is equipped with granite countertops and stainless steel appliances. The property is conveniently located near South Orange, shops, restaurants, colleges, and transportation to New York City and local destinations.

Key Highlights

  • Convenient location near South Orange, shops, restaurants, colleges, and NYC/local transportation.
  • Kitchen features granite countertops and stainless steel appliances.
  • Bright sunroom/den offers flexible office space.

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Accounting Firm

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,256
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Three-bedroom apartment with sunroom, updated kitchen, and convenient location.
Where is this residential income property located?
The property is located at 56 Monticello Ave Newark, NJ.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: Convenient location near South Orange, shops, restaurants, colleges, and NYC/local transportation.; Kitchen features granite countertops and stainless steel appliances.; Bright sunroom/den offers flexible office space.
More about this property
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