157 Milford Ave Newark, NJ $ 420,000
157 Milford Ave
$ 420,000
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157 Milford Ave

Newark, NJ, 07108
$ 420,000
Bedrooms6 Baths2.0

Monthly Estimate*

$ 2,901

157 Milford Ave, Newark, NJ 07108 - Image 1
157 Milford Ave, Newark, NJ 07108 - Image 2
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157 Milford Ave, Newark, NJ 07108 - Image 9

Multi-Family Home for sale in Newark, NJ

for $420,000 with 6 bedrooms and 2 full baths. The lot size is 0.08.

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!

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Multi-Family Active

Price

$ 420,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,694

Style

2-Two Story

Lot Size

0.08

Town/City

Newark

County/Region

Essex

MLS | Web ID

4058117

Features
General
Sewer Public Sewer See Remarks
Heating Radiant - Hot Water
Cooling Window A/C(s)
Utilities See Remarks
Possession on closing
Roof See Remarks
Architectural Style 2-Two Story
Exclusions tenants belongings
Year Built 9999
Township Newark City
Tax Year 2025
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 15
Full Baths 2
Status Active
Directions 157 Milford Avenue Newark NJ 07108 follow GPS directions to property
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 5694
Home Warranty Y/N No
Drive Off-Street Parking
Standard Status Active
Tax Assessed Value 142400
Town # 1614
Tax Lot 2
Farm Assessment No
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Interior
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 6
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Exterior
Water Source Public Water
Exterior Description See Remarks
Lot Dimensions 25X132.1
Lot Size Acres 0.08
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* Excluded Features
List By
RASHEL TIXI

Listing Agent

Realty One Group Sunrise

Broker

rasheltixisellsnj@gmail.com

Email

Affordability Calculator

$3,375
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,901
Monthly Property Taxes
$475
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
Pricing History
DatePricePrice ChangeDescription
10/9/2026$420,000 Listed Price

Map


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157 Milford Ave, Newark, NJ, 07108 is a Multi-Family Home for sale at $420,000 with a lot size of 0.08. 157 Milford Ave has 6 bedrooms and 2.0 baths. The property's zip code is 07108 which is in Newark, NJ