NJ
Essex
Newark City
07106
48 Cedar Ave
48 Cedar Ave, Newark City, NJ 07106
Share Listing
Listing Type
Multi Family
Listing Status
Active
9
$749,999

Home Details for 48 Cedar Ave

Price
$749,999
Type
Residential Income
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Year built
1930
Lot size acres
0.09
County
Essex
Total rooms
16
Garage
1
Basement
Finished, Full
Days on site
22
MLS Listing#
4026803
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!

Property Features
  • Basement
    • Finished
    • Full
  • Cooling Information
    • Window Unit(s)
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • Detached
Listing Courtesy: EXODUS REAL ESTATE - 732-737-9013
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. Information deemed reliable but not guaranteed. Copyright ©2026 Garden State Multiple Listing Service, L.L.C. All Rights Reserved.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
Office
973 746 4777
Request more details
Code: