Exceptional opportunity to own a spacious 2-family home in Newark! Ideal for both investors and owner-occupants, this income-producing property offers flexibility and strong rental potential. The vacant first-floor unit features 2 bedrooms, a den, 1 full bath, and a comfortable layout, making it perfect for immediate occupancy or rental income. The second-floor unit is occupied and offers 3 bedrooms and 1 full bath, providing established income and excellent tenant appeal. With a total of 5 bedrooms plus a den, this property stands out for its size and versatility. Conveniently located near major highways, NJ Transit, Newark Penn Station, schools, shopping, restaurants, and local amenities, making commuting and daily errands a breeze. Whether you're looking to live in one unit while collecting rent from the other, or add a solid multi-family asset to your investment portfolio, this property offers outstanding value and potential.
Features
5 bedrooms
2 bathrooms
directions_car1 carspace
directions_car1 garage space
crop_free0.06 ac. lot size
cottageMulti-Family
Property history for 51 Demarest St
2019
Sold
$205,000
11 Dec 2019
Happy sellers in Newark
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Local market activity for 5 bedroom multi families in Newark
Sold
For Sale
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