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$749,999
48 Cedar Ave, Newark City, NJ, 07106
8
Beds
4
Baths
48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month. The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!
Offered By
EXODUS REAL ESTATE
Property Details
Property Type
Multi Family
Status
Active
Bedrooms
8
Bathrooms (Full)
3
MLS #
4026803
Bathrooms (Half)
1
Heating
3 Units
Cooling
Window A/C(s)
Utility Features
Electric, Gas-Natural
SEWER
Public Sewer
WATER SOURCE
Public Water
Year Built
1930
Basement
Finished, Full
ARCHITECTURAL STYLE
3+ Story
Roof
Asphalt Shingle
Garage spaces
1
CITY
Newark City
COUNTY
Essex
STATE
NJ
TAX AMOUNT
10793.0
LATEST UPDATE
2026-05-28T19:01:27.975Z
DAYS ON MARKET
17
PRICE CHANGE(S)
$749,999 May 11, 2026
Property Details
Property Type
Multi Family
Status
Active
Bedrooms
8
Bathrooms (Full)
3
MLS #
4026803
Bathrooms (Half)
1
New Properties On Market
51
96%
Increase In New Listings
Average Asking Price
$377,767
$112,593 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$72
$169 Decrease In List Price/Sq. Ft.
Average Days On Market
8
6 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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Loan Type
Down Payment
HOA Dues
Interest Rate
Estimated Property Taxes
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