Property
Newark City, NJ 07112 51 Demarest St
$569,900
5 more
Presented By: RE/MAX PROFESSIONALS I
Beds • 5- Baths • 2
- Garage • 1
Beds • 5
Baths • 2
Garage • 1Home Details
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.
Presented By: RE/MAX PROFESSIONALS I
Interior Features for 51 Demarest St
Bedrooms
Total Bedrooms5
Unit 1 Beds Total2
Unit 2 Beds Total3
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Fuel TypeGas-Natural
Other Rooms
Unit 2 Rooms7
Unit 1 Rooms6
Unit 1 Room DescriptionBedrooms, Den, Eat-In Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
General for 51 Demarest St
Architectural Style2-Two Story
CoolingWindow A/C(s)
CountyEssex
DirectionsNye Ave. to Demarest St.
Drive1 Car Width
EasementUnknown
ExclusionsPersonal Property.
Full Baths2
GarageAttached Garage
Garage Spaces1
Gross Income
Heating2 Units
Net Operating Income
Number Of Units Total2
Open Parking Spaces1
Operating Expense0
PossessionTBD
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6446
Tax Assessed Value169500
Tax Lot42.02
Tax Year2024
Total Rooms12
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Year Built1992
Exterior for 51 Demarest St
Exterior AmenitiesStorm Door(s), Storm Window(s)
Exterior DescriptionVinyl Siding
Lot Dimensions25X103
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate