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51 Myrtle Ave , #3

Newark City, NJ 07107
  • $775,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 4033689
UPDATED: 16 min ago
$775,000
  • 8
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:
Area:

School Ratings & Info

Description

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.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-17T13:49:55.137.
www.pickpina.com/homes/177565515
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51 Myrtle Ave , #3 Newark City, NJ 07107

  • Price: $775,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 16 min ago
  • MLS #: 4033689
8
Beds
3
Baths
0
½ Baths
0.05
Acres
1952
Built
Neighborhood:
Lower Roseville
County:
Essex
Area:
Newark City
Property Description
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.
Exterior Features

Approximate Lot Size 25X94 Color Of Building Red/Brick Exterior Description Brick Exterior Features Curbs Garage Description NoneOn-Street Parking Lot Description Irregular Lot Number Of Parking Spaces 0 Parking Driveway Description NoneOn-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling None Heating Forced Hot Air Interior Features Carbon Monoxide Detector Total Number Of Rooms 14 Unit1 Appliances Equipment Carbon Monoxide DetectorRange/Oven - Gas Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorRange/Oven - Gas Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 5 Unit3 Sq Ft 0

Property Features

Assessment Total 336500 Building Assessment 316100 Easement Unknown Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 20400 Net Operating Income 0 Sewer Public Sewer Tax Amount 13456 Tax Rate Amount 3.999 Tax Rate Year 2025 Tax Year 2025 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Lease Expiration 2026-03-31 Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1944 Unit2 Handicap Modified No Unit2 Lease Expiration 2026-07-14 Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 2060 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Lease Expiration 2025-12-31 Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 2203 Unit3 Security Deposit 0 Utilities See Remarks Water Public Water Year Built Description Approximate

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of PROMINENT PROPERTIES SIR: 973-460-4674.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-17T13:49:55.137.
 
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Clifton NJ, 07013