51 Demarest St, Newark City, NJ 07112
51 Demarest St, Newark City, NJ 07112
51 Demarest St, Newark City, NJ 07112
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$569,900
Est. payment /mo
5 Beds
2 Baths
2,613 Sqft Lot
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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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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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51 Demarest St