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$ 420,000
Est. payment /mo
New
157 Milford Ave Newark City, NJ 07108
6 Beds
2 Baths
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4058117
Style 2-Two Story
Bedrooms 6
Full Baths 2
Annual Tax Amount $5,694
Tax Year 2025
Lot Size 3,484 Sqft
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!
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available See Remarks
Roof Type See Remarks
Garage No
Building
Sewer Public Sewer, See Remarks
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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Listed by REALTY ONE GROUP SUNRISE