51 Demarest St, Newark, NJ 07112-1669

Beds
5
Baths
2
Garage
Yes

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Overview

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

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
5
Number of bathrooms
2
Lot size (acres)
0.06
Year built
1992

Garage and parking

Garage parking spaces
1

Utilities

Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$6,446

Public schools

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Sourced from: Garden State MLS MLS®#: 4009781 Last checked:

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