Properties

Description

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!

Features

  • Heating System : Radiant - Hot Water
  • Cooling System : Window A/c(s)
  • Basement : Unfinished
  • Roof Deck : See Remarks
  • Parking Description: Off-Street Parking
  • Tax Assessed Valuation: 142400
  • Sewer: Public Sewer, See Remarks
  • Water: Public Water

Appliances

  • Utilities: See Remarks
  • Internet

Additional Info

  • Office Name: REALTY ONE GROUP SUNRISE
  • Office MLS ID: 5760
  • Agent ID: 396630
  • Tax: 5694
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$420,000

157 Milford Ave, Newark City, *

  • SQFT 25 Acre
  • Bedroom 6
  • Built Year 9999

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5466747
  • Price: $420,000
  • Bedrooms: 6
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Milford Ave
  • Street Number: 157
  • Street Direction: 157 Milford Avenue, Newark, NJ 07108 follow GPS di
  • Floor Number: 0
  • Longitude: W75° 48' 30.1''
  • Latitude: N40° 43' 1''
  • Internet Display Address: Yes
Property