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6 Beds
2 Baths

$420,000

157 Milford Ave, Newark City NJ, 07108

Property typeMulti-family

Overview

Active

Listed Oct 9, 2026

Updated 50 min ago

Welcome to 157 Milford Avenue, a two-family property generating $3,800 in monthly rental income, totaling $45,600 annually! Each unit features 3 bedrooms, 1 full bathroom, a living room, dining room, and kitchen. The first-floor unit was fully renovated in 2026 and is currently rented for $2,300/month under a one-year lease. The second-floor unit is rented for $1,500/month on a month-to-month basis, offering additional renovation and value-add potential. The unfinished basement includes plumbing hookups for a potential bathroom. The property also features a backyard with room for improvements and is situated on a dead-end street with street parking available. Property needs renovations and is being sold strictly AS IS. An excellent opportunity for investors looking to generate immediate rental income while building long-term equity through property improvements!

$2,794/mo

Est. mortgage payment based on a $420,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4058117

Interior Features

Bedrooms
6
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$5,694
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of REALTY ONE GROUP SUNRISE with RASHEL TIXI,
Listing Contact: 2012657000 

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