Excellent opportunity for investors seeking a fully occupied, income-producing three-family property located in the Central Ward. Each of the three residential units features 3 bedrooms and 1 full bathroom, offering a total of 9 bedrooms and 3 bathrooms. The property is fully occupied, providing rental income from day one. The owner pays heat, while tenants are responsible for their own gas and electric expenses. Conveniently located near major highways, this property offers accessibility for residents and commuters alike. An attractive opportunity for experienced investors looking to expand their rental portfolio or buyers seeking a multifamily investment with established occupancy and ong
Accessible location • Income producing • 2,613 sq ft lot
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ABOUT THIS HOME
07182, NJ Homes for Sale
Great opportunity to own a spacious 3 family property in Newark! This property features 17 rooms, including 11 bedrooms and 3 full bathrooms. Each level offers its own living room, providing comfortable and flexible living arrangements. Conveniently located directly across from KIPP SPARK Academy and KIPP Justice Academy, and near Orange Street Station, public transportation, schools, shopping, and local amenities. A great opportunity for investors or owner-occupants looking for space and convenience.
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
Spacious two-family home in Newark’s West Side neighborhood—an excellent opportunity for investors or owner-occupants. Unit 1 features 3 bedrooms and 1 bathroom, while Unit 2 offers 4 bedrooms and 2 bathrooms, providing generous living space and strong rental potential. Conveniently located near parks, schools, shopping, public transportation, and major roadways, with easy access to Downtown Newark and NYC connections. Live in one unit while renting the other, or add this versatile income-producing property to your portfolio.