48 Cedar Ave
Newark City, NJ 07106
Price: $749,999
GSMLS: 4026803Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 8
Baths: 3 Full & 1 Half
Garage: 1-Car
Year Built: 1930
Acres: 0.09
Property Tax: $10,793
Description
48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month. The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
16
Basement:
Yes - Finished, Full
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Wood
Lot Size:
37.6X100
Lot Desc:
n/a
Parking
Garage Capacity:
1-Car
Description:
Detached Garage
Parking:
1 Car Width
Spaces Available:
1
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$749,999
Tax Amount:
$10,793
Land Assessment:
$12,800
Build. Assessment:
$257,100
Total Assessment:
$269,900
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4026803
List Date:
05-11-2026
Days On Market:
9
Listing Broker:
EXODUS REAL ESTATE
Listing Agent:
Samantha Lamptey
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: EdenLaneLiving.com
