51 Demarest St, Newark City NJ 07112-1669

$569,900
Active
Newark City
Bedrooms
5

About this home

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.

Taxes & fees

Annual property tax
$6,778
Tax year
2025
Tax rate
3.999

Property details

Year Built
1992
Roof (*text)
Asphalt Shingle
Lot Size Area
0.06
MLS #
4047947

Features & amenities

Year Built (*numeric)
1992
Basement
No
Roofing (*text)
Asphalt Shingle
Days on market
0
Basement (*text)
No
Cooling (*text)
Window A/C(s)
Garage spaces
1
Heating
2 Units
Lot dimensions
25X103
Property Location

40.71711, -74.21378

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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