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Two-Unit Duplex with Garage
For Sale
$950,000

57 Madison St, Newark, NJ 07105

Multi-Family, 2-Two Story, Newark City, NJ

Property SizeContact for details
Lot Size0.07 Acres
Days on Market10

Property Features for 57 Madison St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1
Parking 4
Interior features Carbon Monoxide Detector, Carpeting, Smoke Detector, Tile Floors, Wood Floors
Subdivision Ironbound
Lot features Level Lot
Directions Between Ferry St & Downing St
Standard status Active
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6926

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: NENO-ROSA AGENCY
Listed By: AUGUSTO NENO · License #243126
Added: Aug 22 Last Checked: Aug 31 at 8:06AM
MLS# 4048333

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.

Investment Insights

Based on property information with market context.

This two-unit duplex includes a three-bedroom apartment on the first floor and a two-bedroom apartment above. The lower residence offers a living room, eat-in kitchen, and full bathroom. The upper unit features a newer eat-in kitchen with refrigerator, stove, microwave, granite countertops, newer bathroom, and in-unit laundry. Both apartments have central air and forced hot air, with separate heat, hot water, gas, and electric service.

A detached three-car garage adds substantial on-site storage and parking capacity. The finished basement includes a summer kitchen, recreation room, and washer and dryer. Public water and public sewer serve the property, which was built in 1920 and sits on 0.07 acres in Newark City’s Ironbound area, within short walking distance of Ferry Street.

Key Highlights

  • Two‑unit duplex with one 3‑bedroom apartment and one 2‑bedroom apartment
  • Detached 3‑car garage
  • Finished basement with summer kitchen and recreation room

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Nursing Home Buffet Tanning Salon Locksmith

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

4,286
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-story residential income property with separate utilities, central air, and a finished basement.
Where is this duplex located?
The property is located at 57 Madison St Newark, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑unit duplex with one 3‑bedroom apartment and one 2‑bedroom apartment; Detached 3‑car garage; Finished basement with summer kitchen and recreation room
More about this property
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