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Residential Income For Sale

48 Cedar Ave, Newark City, Essex 07106-1217

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Property Description

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!

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4026803
Price:
$749,999
Year Built:
1930
Lot Area:
0.09 Acre
Status:
Active
Office Name:
EXODUS REAL ESTATE
Full Bathrooms:
3
Roof:
Asphalt Shingle
Features
Heating System:
3 Units
Cooling System:
Window A/C(s)
Basement:
Full, Finished
Architectural Style:
3-Three Story
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07106-1217
Street:
Cedar Ave
Street Number:
48
Longitude:
W75° 46' 51.3''
Latitude:
N40° 44' 47.8''
Directions:
Between South Orange Avenue & 14th Avenue
Additional Information
Lot Size Dimensions:
37.6X100
Water Source:
Public Water
Number Of Units Total:
3
Garage:
1
Financial
Tax Annual Amount:
10793
Listing Information
Co List Agent Mls Id:
404779
List Agent Mls Id:
283149
List Office Mls Id:
4965
Mls Status:
Active
Modification Timestamp:
2026-06-18T09:49:46Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4026803
Lot Area:
0.09 Acre
$749,999
Agent info
Contact Agent

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