Active

$749,999

48 Cedar Ave, Newark City, NJ 07106

8beds

--sqft

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Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Basement and garage

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!

63 days

177

9

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3.1
Full bathrooms: 3
1/2 bathrooms: 1

Heating

3 Units, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Gas

Features

Bedrooms, Kitchen, Living/Dining Room, See Remarks
Basement: Yes,Finished,Full
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 1
Parking features: 1 Car Width, Detached Garage
Garage spaces: 1
Uncovered spaces: 1

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 3,920 Square Feet
Dimensions: 37.6 x 100

Details

Parcel number: 1614042140000000350000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Asphalt Shingle

Condition

Year built: 1930

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Fire Alarm, Carbon Monoxide Detector, Fire Alarm System

Location

Region: Newark

Financial & listing details

Tax assessed value: $269,900
Annual tax amount: $10,793
Date on market: 5/12/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/12/2026	Listed for sale	$749,999+3.4%
Source: GSMLS #4026803 Report a problem
3/25/2026	Listing removed	$725,000
Source: GSMLS #3982594 Report a problem
8/22/2025	Listed for sale	$725,000
Source: GSMLS #3982594 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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