21
See all 21 photos
$615,000
Est. payment /mo
5 BD
3 BA
19,998 SqFt
New
54-56 Cedar Ave Newark City, NJ 07106
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UPDATED:
03/07/2025 12:48 AM
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,998 sqft
Price per Sqft $30
Subdivision Lower Vailsburg
MLS Listing ID 3949523
Style 2-Two Story
Bedrooms 5
Full Baths 3
Year Built 1930
Annual Tax Amount $8,648
Tax Year 2024
Lot Size 3,920 Sqft
Property Description
Don't miss this spacious and well-maintained 2-family home, perfect for investors or owner-occupants looking for a property with great potential. Each unit features 3 generously sized bedrooms and a large kitchen, offering plenty of space for comfortable living. The finished attic, connected to the 2nd-floor unit, provides additional living space, perfect for a home office, guest room, or recreation area. The finished basement adds even more versatility, making this home an excellent opportunity for extended living or rental income. This property also has the potential to be converted into a 3-family home, offering even greater investment opportunities. While some cosmetic updates are needed, the home is in great condition with strong bones, allowing buyers to add their personal touch. Additional features include a detached 1-car garage with a 1-car width driveway, providing ample parking and storage space. Conveniently located near shopping, dining, public transportation, and major highways, this home offers easy access to everything Newark has to offer.
Location
State NJ
County Essex
Zoning 1-3 Family
Rooms
Basement Full
Interior
Interior Features Wood Floors
Heating Gas-Natural
Cooling None
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Parking Features Detached Garage
Garage Spaces 1.0
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 2-Two Story
Others
Senior Community No
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Listed by COLDWELL BANKER REALTY