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Residential Income For Sale

157 Milford Ave, Newark City, NJ 07108-2712

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Property Description
Welcome to 157 Milford Avenue, a two-family property generating $3,800 in monthly rental income, totaling $45,600 annually! Each unit features 3 bedrooms, 1 full bathroom, a living room, dining room, and kitchen. The first-floor unit was fully renovated in 2026 and is currently rented for $2,300/month under a one-year lease. The second-floor unit is rented for $1,500/month on a month-to-month basis, offering additional renovation and value-add potential. The unfinished basement includes plumbing hookups for a potential bathroom. The property also features a backyard with room for improvements and is situated on a dead-end street with street parking available. Property needs renovations and is being sold strictly AS IS. An excellent opportunity for investors looking to generate immediate rental income while building long-term equity through property improvements!
Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4058117
Price:
$420,000
Year Built:
9999
Lot Area:
0.08 Acre
Status:
Active
Office Name:
REALTY ONE GROUP SUNRISE
Agent Name:
RASHEL TIXI
Full Bathrooms:
2
Roof:
See Remarks
Features
Heating System:
Radiant - Hot Water
Cooling System:
Window A/C(s)
Basement:
Unfinished
Architectural Style:
2-Two Story
Sewer:
Public Sewer, See Remarks
Utilities:
See Remarks
Address Map
Country:
US
State:
NJ
County:
Essex
City:
Newark City
Zipcode:
07108-2712
Street:
Milford Ave
Street Number:
157
Longitude:
W75° 48' 30.1''
Latitude:
N40° 43' 1''
Directions:
157 Milford Avenue, Newark, NJ 07108 follow GPS directions to property
Additional Information
Lot Size Dimensions:
25X132.1
Water Source:
Public Water
Number Of Units Total:
2
Financial
Tax Annual Amount:
5694
Listing Information
List Agent Mls Id:
396630
List Office Mls Id:
5760
Mls Status:
Active
Modification Timestamp:
2026-10-09T21:29:06Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4058117
Lot Area:
0.08 Acre
$420,000
Agent info
Contact Agent

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