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$ 569,900
Est. payment /mo
Active
51 Demarest St Newark City, NJ 07112
5 Beds
2 Baths
2,613 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4009781
Style 2-Two Story
Bedrooms 5
Full Baths 2
Year Built 1992
Annual Tax Amount $6,446
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
Exceptional opportunity to own a spacious 2-family home in Newark! Ideal for both investors and owner-occupants, this income-producing property offers flexibility and strong rental potential. The vacant first-floor unit features 2 bedrooms, a den, 1 full bath, and a comfortable layout, making it perfect for immediate occupancy or rental income. The second-floor unit is occupied and offers 3 bedrooms and 1 full bath, providing established income and excellent tenant appeal. With a total of 5 bedrooms plus a den, this property stands out for its size and versatility. Conveniently located near major highways, NJ Transit, Newark Penn Station, schools, shopping, restaurants, and local amenities, making commuting and daily errands a breeze. Whether you're looking to live in one unit while collecting rent from the other, or add a solid multi-family asset to your investment portfolio, this property offers outstanding value and potential.
Location
State NJ
County Essex
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Parking Features Attached Garage
Garage Spaces 1.0
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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