For sale

$775,000

51 Myrtle Ave, Newark, NJ 07107

8beds

--sqft

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Multi Family

Built in ----

-- sqft lot

$-- 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.

26 days

171

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Appliances

Laundry: None

Property

Details

Parcel number: 140189000000300060

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Utilities & green energy

Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $336,500
Annual tax amount: $13,456
Date on market: 6/10/2026
Listing agreement: Exclusive Right To Sell

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/10/2026	Listed for sale	$775,000+3.3%
Source: NJMLS #26021678 Report a problem
7/11/2025	Listing removed	$749,940
Source: GSMLS #3934871 Report a problem
5/5/2025	Price change	$749,9400%
Source: GSMLS #3934871 Report a problem
11/18/2024	Listed for sale	$749,950+63%
Source: GSMLS #3934871 Report a problem
1/28/2022	Sold	$460,000+4.5%
Source: GSMLS #3698712 Report a problem
10/29/2021	Contingent	$440,000
Source: NJMLS #21009828 Report a problem
4/2/2021	Price change	$440,000-5.4%
Source: New Jersey Multiple Listing Service, Inc #21009828 Report a problem
3/20/2021	Listed for sale	$464,900+24%
Source: New Jersey Multiple Listing Service, Inc #21009828 Report a problem
3/26/2018	Sold	$375,000+837.5%
Source: Public Record Report a problem
10/3/2016	Sold	$40,000-56.9%
Source: GSMLS #3256305 Report a problem
5/23/2012	Listing removed	$92,700
Source: Weichert Realtors #2881358 Report a problem
8/20/2011	Price change	$92,700-64.3%
Source: Weichert Realtors #2881358 Report a problem
7/17/2010	Listed for sale	$259,900
Source: CENTURY 21 Semiao & Associates #TEX-Myrtle Report a problem
1/5/2010	Listing removed	$259,900
Source: Semiao & Associates #TEX-Myrtle Report a problem
7/18/2009	Price change	$259,900-11.7%
Source: CENTURY 21 Semiao & Associates #TEX-Myrtle Report a problem
4/2/2009	Price change	$294,500-6.5%
Source: CENTURY 21 Semiao & Associates #TEX-Myrtle Report a problem
3/14/2009	Price change	$314,900-0.3%
Source: CENTURY 21 Semiao & Associates #TEX-Myrtle Report a problem
1/25/2009	Price change	$315,900-4.2%
Source: CENTURY 21 Semiao & Associates #TEX-Myrtle Report a problem
9/24/2008	Listed for sale	$329,900-5.7%
Source: CENTURY 21 Semiao & Associates #TEX-Myrtle Report a problem
11/2/2006	Sold	$350,000+12.2%
Source: Public Record Report a problem
1/19/2006	Sold	$312,000+32.8%
Source: Public Record Report a problem
10/7/2004	Sold	$235,000+92.6%
Source: Public Record Report a problem
6/14/2000	Sold	$122,000+454.5%
Source: Public Record Report a problem
12/8/1998	Sold	$22,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$13,457 +5.2%	$336,500
2024	$12,797 +39.6%	$336,500
2023	$9,166	$336,500 +39.5%
2022	$9,166	$241,200
2021	$9,166 +1%	$241,200
2020	$9,072 +88.7%	$241,200
2019	$4,808	$241,200 +37.1%
2018	$4,808 -20.5%	$175,900
2017	$6,051 +4%	$175,900
2016	$5,821 +6.7%	$175,900
2015	$5,455 +5%	$175,900
2014	$5,194 +49.1%	$175,900
2013	$3,483 +3.7%	$175,900 +74.3%
2012	$3,358 +4.7%	$100,900
2011	$3,209 +16.1%	$100,900
2010	$2,764 +5.4%	$100,900
2009	$2,622 +4.4%	$100,900
2008	$2,512	$100,900
2007	$2,512	$100,900
2006	--	$100,900
2005	--	$100,900
2004	$2,179	$100,900
2003	--	$100,900 +664.4%
2002	--	$13,200
2001	--	$13,200

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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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