Active

$569,900

51 Demarest St, Newark City, NJ 07112

5beds

--sqft

$3,868/mo

Get pre-qualified

Multi Family

Built in 1992

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Comfortable layout

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.

179 days

719

44

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

2 Units, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven - Gas

Features

Bedrooms, Den, Eat-in Kitchen, Living Room, Eat-In Kitchen
Doors: Storm Door(s)
Windows: Storm Window(s)
Basement: None
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 1
Parking features: 1 Car Width, Attached Garage
Attached garage spaces: 1
Uncovered spaces: 1

Features

Levels: Two
Stories: 2

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 103

Details

Parcel number: 1614030570000000420002

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1992

Utilities & green energy

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

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Newark

Financial & listing details

Tax assessed value: $169,500
Annual tax amount: $6,446
Date on market: 2/14/2026
Exclusions: Personal Property.
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/14/2026	Listed for sale	$569,900+9.6%
Source: GSMLS #4009781 Report a problem
3/23/2023	Sold	$520,000+153.7%
Source: Public Record Report a problem
12/11/2019	Sold	$205,000-12.8%
Source: Public Record Report a problem
7/17/2018	Listing removed	$235,000
Source: JORDAN BARIS, INC./IRV AV,SOR #3461147 Report a problem
4/13/2018	Listed for sale	$235,000+261%
Source: JORDAN BARIS, INC./IRV AV,SOR #3461147 Report a problem
6/3/2011	Sold	$65,100+0.9%
Source: Public Record Report a problem
3/22/2011	Listed for sale	$64,500-53.9%
Source: foreclosure.com Report a problem
10/23/1995	Sold	$139,900
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,778 +5.2%	$169,500
2024	$6,446 +1.8%	$169,500
2023	$6,333 +0.1%	$169,500
2022	$6,329 +66.6%	$169,500
2021	$3,800 -24.2%	$169,500 +69.5%
2020	$5,013 +37.4%	$100,000 -25%
2019	$3,648	$133,300
2018	$3,648 -20.5%	$133,300
2017	$4,586 +4%	$133,300
2016	$4,411 +6.7%	$133,300
2015	$4,134 +5%	$133,300
2014	$3,936 -15.5%	$133,300 -9%
2011	$4,659 +16.1%	$146,500
2010	$4,013 +5.4%	$146,500
2009	$3,808 +4.4%	$146,500
2008	$3,648	$146,500
2007	$3,648	$146,500
2006	--	$146,500
2005	--	$146,500
2004	$3,164	$146,500
2003	--	$146,500 +751.7%
2002	--	$17,200
2001	--	$17,200