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$420,000

For Sale

4 days ago

157 Milford Ave, Newark

House

MLS® 4058117

6 Bed

2 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $5,694
Days Active 4
Lot Size 0.08 Acres
Approx. Age 9999
MLS® Number 4058117

Property Address: 157 Milford Ave, Newark, NJ, 07108-2712

Average square foot calculated using Size range provided by listing agent.

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!
MLS® Number4058117
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age9999
BasementUnfinished
DrivewayOff-Street Parking
Garage Spaces
HeatHeat Source: Gas-Natural, Heating Type: Radiant - Hot Water
A/CWindow A/C(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 9, 2026List Date
$420,000List Price
  • Commute

Commute

Starting Address
Destination Address
157 Milford Ave, Newark,

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