Active

$775,000

51 Myrtle Ave #3, Newark City, NJ 07107

8beds

--sqft

$5,259/mo

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Multi Family

Built in 1952

-- sqft lot

$768,200 Zestimate^®

$--/sqft

$-- HOA

What's special

Discover a rare, investment opportunity that blends modern updates with consistent cash flow. This renovated three-family home offers a "set it and forget it" appeal for seasoned investors or an ideal situation for a savvy house-hacker looking to offset their mortgage. Benefit from peace of mind with significant renovations completed within the last few years. The heavy lifting has been done for you. The property is currently occupied with reliable tenants. While the property provides steady income, two units are currently on month-to-month leases, offering the new owner maximum flexibility for market-rent adjustments or owner-occupancy.Situated in a vibrant Newark neighborhood, the home is conveniently located near public transportation, local shopping, and essential services. This is urban living at its most practical, catering to a high-demand rental market.

80 days
94
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Heating

Forced Air, Natural Gas

Appliances

Included: Range/Oven - Gas

Features

Bedrooms, Kitchen, Living Room
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Parking features: None, On Street, On-Street Parking
Has uncovered spaces: Yes

Features

Levels: 3-Three Story
Stories: 3
Exterior features: Curbs

Lot

Size: 2,178 Square Feet
Dimensions: 25 x 94
Features: Irregular Lot

Details

Parcel number: 1614018900003000600000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: Flat

Condition

Year built: 1952

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
Subdivision: Lower Roseville

Location

Region: Newark

Financial & listing details

Tax assessed value: $336,500
Annual tax amount: $13,456
Date on market: 6/10/2026
Total actual rent: 6207
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$768,200

$730,000 - $807,000

$2,193/mo

Price history

Date	Event	Price
6/10/2026	Listed for sale	$775,000+736%
Source: GSMLS #4033689 Report a problem
1/9/2014	Listing removed	$92,700
Source: Weichert Realtors #2989166 Report a problem
1/6/2013	Listed for sale	$92,700
Source: Weichert Realtors #2989166 Report a problem
8/21/2012	Listing removed	$92,700
Source: Weichert Realtors #2881358 Report a problem
5/23/2012	Listed for sale	$92,700
Source: Weichert Realtors #2881358 Report a problem