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48 Cedar Ave Newark, NJ $ 749,999
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48 Cedar Ave
$ 749,999
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48 Cedar Ave

Newark, NJ, 07106
$ 749,999
Bedrooms8 Baths3.1

Monthly Estimate*

$ 4,618

48 Cedar Ave, Newark, NJ 07106 - Image 1
48 Cedar Ave, Newark, NJ 07106 - Image 2
48 Cedar Ave, Newark, NJ 07106 - Image 3
48 Cedar Ave, Newark, NJ 07106 - Image 4
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48 Cedar Ave, Newark, NJ 07106 - Image 8
48 Cedar Ave, Newark, NJ 07106 - Image 9

Multi-Family Home for sale in Newark, NJ

for $749,999 with 8 bedrooms and 3 full baths, 1 half bath. This home was built in 1930 on a lot size of 0.09.

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!

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Multi-Family Active

Price

$ 749,999

Bedrooms

8

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 10,793

Style

3-Three Story

Lot Size

0.09

Year Built

1930

Town/City

Newark

County/Region

Essex

MLS | Web ID

4026803
Features
General
Sewer Public Sewer
Heating 3 Units
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Asphalt Shingle
Garage Spaces 1
Architectural Style 3-Three Story
Year Built 1930
Garage Detached Garage
Township Newark City
Tax Year 2025
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 16
Full Baths 3
Status Active
Directions Between South Orange Avenue & 14th Avenue
Open Parking Spaces 1
Number Of Units Total 3
Tax Annual Amount 10793
Drive 1 Car Width
Standard Status Active
Tax Assessed Value 269900
Town # 1614
Tax Lot 35
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Interior
Basement Finished Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 2
Fuel Type Gas-Natural
Half Baths 1
Total Bedrooms 8
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Exterior
Water Source Public Water
Exterior Description Wood
Lot Dimensions 37.6X100
Lot Size Acres 0.09
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* Excluded Features
List By
SAMANTHA LAMPTEY

Listing Agent

Exodus Real Estate

Broker

lamptey@exodusrepm.com

Email

Affordability Calculator

$5,517
Per Month
84%
16%
0%
Monthly Principal & Interest
$4,618
Monthly Property Taxes
$899
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/12/2026$749,999 Listed Price

Map

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48 Cedar Ave, Newark, NJ, 07106 is a Multi-Family Home for sale at $749,999 with a lot size of 0.09. 48 Cedar Ave has 8 bedrooms, 3.1 baths, and was built in 1930. The property's zip code is 07106 which is in Newark, NJ

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