AgentLogo

2-Two Story

157 Milford Ave

Newark City, NJ 07108

MLS#: 4058117

$420,000

Status: Active
Listing number: 4058117
Listing provided by: REALTY ONE GROUP SUNRISE
Listing agent phone: None
Last update: 10 days ago
On site: 10 days ago
Browse Properties
Main image without alt text

Property

Beds

6

Full Baths

2

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

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!

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    2

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Heating YN

    YES

  • Heating

    Natural Gas, Radiant, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Off Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.08

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    2-Two Story

Price

  • Sales Price

    $420,000

  • Tax Amount

    $5,694

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Essex

Elementary School

Middle School

High School

Listing Courtesy of None, REALTY ONE GROUP SUNRISE

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Patrick Bolger

FOUNDER

Patrick Bolger

Call Patrick today to schedule a private showing.

(973) 945-9979

patrickbolger@kw.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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!

157 Milford Ave

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by KW Metropolitan via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

New on site 1 day ago
Excellent opportunity for investors or owner-occupants! Legal 3-family offering the opportunity to live in one unit while collecting rental income from the other two. Each unit features 2 bedrooms and 1 bath. Finished basement and 3 rear parking spaces. Convenient Newark location near transportation, shopping, dining, and major highways. Sold as-is.
#4059917

Newark City

337 Summer Ave 3

6 Beds

3 Baths

3,036 Sq.Ft.

$499,999

MLS#: 4059917

New on site 2 days ago
Three floors, three separate homes, and the freedom to decide how each one is used. This three family offers six bedrooms and three full baths across the building, with 14 rooms and approximately 4,352 square feet in all. An owner occupant can live on one floor and rent the other two to help with monthly costs. An investor can lease all three. The 40 x 100 lot adds great outdoor space. Adding updates will let the next owner choose finishes and build equity over time. Weequahic Park is a short distance away, with walking paths, a lake and a golf course. Route 22, Interstate 78 and Newark Liberty International Airport are close by for an easy commute. A first home or a long term hold, this building works either way. Sold AS IS. Buyer responsible CO and city certs.
#4059714

Newark City

50 Mapes Ave

6 Beds

3 Baths

2,600 Sq.Ft.

$499,000

MLS#: 4059714

Welcome to 72 Summer Ave!A great opportunity for homeowners and investors alike! This two-family property features two units, each offering 2 bedrooms, 1 full bathroom, and an additional den that can be used as a home office, guest space, or flex room. The walk-out basement provides additional potential and convenient access to the outdoors.With a versatile layout and space to make it your own, this property offers the opportunity to create value while enjoying the benefits of multifamily living. Whether you're looking to occupy one unit and rent the other or expand your investment portfolio, 72 Summer Ave is full of possibilities. Don't miss the opportunity to explore its potential!
#4058662

Newark City

72 Summer Ave

4 Beds

2 Baths

2,094 Sq.Ft.

$500,000

MLS#: 4058662

Excellent investment opportunity in Newark, NJ! This fully occupied 2-unit multifamily property offers a desirable combination of living space and rental income potential. Two units feature 3 bedrooms and 1 full bathroom each, while the top-floor unit offers 1 bedroom and 1 full bathroom. With both units occupied, this property presents an opportunity for investors seeking an income-producing multifamily property in Newark. Ideal for buyers looking to expand their real estate portfolio with a multi-unit residential property. Conveniently located in Newark, with access to local shopping, dining, public transportation, and major roadways. Whether you are an experienced investor or looking to acquire a multifamily rental property, 244 Leslie St is worth exploring. Don't miss this opportunity to own a fully occupied 2-family property in Newark, NJ! Buyer is responsible for all city certificates at their own expense.
#4058463

Newark City

244 Leslie St

7 Beds

3 Baths

N/A

$485,000

MLS#: 4058463

INVESTMENT OPPORTUNITY! 126 S 7th St is a two-family property offering two spacious 4-bedroom, 2-bath units, making this an attractive opportunity for investors seeking a multi-family rental property. The property's two-unit configuration provides flexibility for an investor, owner-occupant, or buyer looking to build a residential investment portfolio. The generous 4-bedroom layouts offer potential for strong tenant appeal, while the property presents an opportunity to renovate, modernize, and add value. Ideal for investors seeking a value-add property, rental income opportunity, or long-term real estate investment. Conveniently located near transportation, shopping, schools, and major roadways. Property is being sold AS-IS. Buyer is responsible for conducting their own due diligence regarding property condition, zoning, permits, rental requirements, and potential uses.
#4057554

Newark City

126 S 7Th St

8 Beds

2 Baths

N/A

$499,900

MLS#: 4057554

CASH COW INVESTMENT PROPERTY! COMPLETELY GUT RENOVATED WITH NO EXPENSE SPARED. Hardwood floors throughout, granite counters, stainless steel appliances. Large spacious two family home - excellent opportunity for investors or owner-occupants looking to generate rental income. The property features two separate units, including a 3 bedroom, 1 bathroom unit, and another 3 bedroom, 1 bathroom unit. With a total of 6 bedrooms and 2 bathrooms, this property provides generous living space across all three units. Each apartment offers plenty of room and the flexibility to accommodate a variety of tenants. A great opportunity to add a multi-family property to your portfolio or live in one unit while generating rental income from the others.
#4053917

Newark City

491 S 17Th St

6 Beds

2 Baths

N/A

$499,000

MLS#: 4053917

Great investment opportunity in an urban setting offering excellent potential for an owner-occupant or investor. This two-family home features two separate units, providing the flexibility to live in one unit while renting the other, or maximize rental income with both units. With spacious three-bedroom layouts, there is plenty of room for comfortable living and future possibilities. Conveniently located near local transportation, and everyday amenities, this property is an excellent opportunity to build equity and create a valuable income-producing asset.
#4052388

Newark City

35 IRVING AVE

6 Beds

2 Baths

19,998 Sq.Ft.

$499,900

MLS#: 4052388

Attention investors, contractors and developers! Great opportunity to renovate this spacious two-family property in Newark. Each unit offers 3 bedrooms and 2 full bathrooms, providing a strong layout and excellent potential for an owner-occupant or investment property once completed.The property is in need of a full renovation and is being sold strictly AS-IS. Additional features include a large basement offering plenty of additional space, a private driveway for off-street parking, and a backyard.Bring your contractor and your vision. With six total bedrooms, four bathrooms, two separate units and substantial renovation potential, this is an opportunity to reposition a large two-family property from the ground up. Buyer responsible for all inspections, certifications and municipal requirements necessary to close. Seller will make no repairs.
#4049743

Newark City

399 S 15Th St

6 Beds

4 Baths

N/A

$399,000

MLS#: 4049743

Welcome to 184 W Runyon St, a fantastic 2-family opportunity offering spacious layouts and strong multi-family appeal in Newark. The first unit features two bedrooms and one full bathroom, while the second unit offers three bedrooms and one full bathroom, creating a total of five bedrooms and two full bathrooms across the property. Both units showcase bright Living/Dining Room combinations, functional eat-in kitchens, and comfortable layouts designed for everyday living. An unfinished basement provides valuable additional storage potential, adding even more functionality to the home. Conveniently located near transportation, shopping, parks, and major commuter routes, this property presents an excellent opportunity for both homeowners and investors looking for long-term value and versatility grab it before it's gone.
#4049238

Newark City

184 W Runyon St

5 Beds

2 Baths

19,998 Sq.Ft.

$475,000

MLS#: 4049238

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by KW Metropolitan via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by KW Metropolitan via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service