For Sale Multi-Family MLS# 4058117

157 Milford Ave

Newark City, NJ 07108

$420,000

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About 157 Milford Ave

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!

Property details

Property

Type
multi
Lot
0.08 ac
List date
Oct 9, 2026

Schools

District
Newark City School District

Location

Subdivision
Lincoln Park
Neighborhood
Lincoln Park

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Listed by REALTY ONE GROUP SUNRISE

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.