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48 Cedar AveNewark City, NJ 07106

8 Beds · 3 Full Baths · 1 Half Bath · 0.09 Acres
$749,999 Active

48 Cedar Ave Overview

Time on Site:
49 days
Visits:
0

48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month. The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!

Listing provided courtesy of EXODUS REAL ESTATE- MLS# 4026803MLS ProviderContact Information: 732-737-9013
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48 Cedar Ave Facts & Features

  • Type
  • Lot 0.09 Acres

Details

General

Income/Expenses

  • Gross Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1930

Location/Region

  • County Or Parish: Essex

Building Exterior/Construction

  • Construction Date/Year Built Des: Approximate

Tax Information

  • City Tax: *
  • County Tax: *
  • Tax Amount Tax: *
  • Tax Annual Amount: $10,793.00
  • Tax Assessed Value: *
  • Tax Rate Amount: 3.999
  • Tax Rate Year: 2025
  • Tax Year: 2025
  • Tax Year Tax: *

General Information

  • Property Type: Multi-Family
  • Senior Community: No

Unit Information

  • Unit Style: 3-Three Story

Interior

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 3.10
  • Bedrooms Total: 8

Building Interior

  • Garage Description: Detached Garage

General Information

  • Cooling: Window A/C(s)
  • Heating: 3 Units
  • Rooms Total: 16

Unit Information

  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0
  • Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 1 Rooms: 6
  • Unit 1 Sq Ft: 0
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 0
  • Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room, See Remarks
  • Unit 2 Rooms: 6
  • Unit 2 Sq Ft: 0
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room
  • Unit 3 Rooms: 4
  • Unit 3 Sq Ft: 0

Exterior

Parking Information

  • Parking Features: 1 Car Width
  • Parking Total: 1

Lot Information

  • Lot Size Area: 37.6X100
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Wood
  • Roof: Asphalt Shingle

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural

48 Cedar Ave Neighborhood

Community

07106 (Newark City) Demographics

36
Median Age
23,732
Population Density (per sq. mile)
25%
College Educated
$40,989
Estimated Median Income
3,948
Estimated Total Home Owners
7,996
Estimated Total Renters
33% / 67%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

48 Cedar Ave Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

48 Cedar Ave Market Data

Based on the last 30 days in this zip code

$452,090
Average List Price
$4,768
Average Price per Square Foot
2
Properties Sold
116
Average Days on Market
31
Properties for Sale
Calculations provided by Reliance Network

48 Cedar Ave History

Date Event Value Agent
5/11/2026Source: Garden State MLS Added to Database
May 11, 2026
4/16/2026Source: Garden State MLS Added to Database
April 16, 2026