157 Milford Ave, Newark, NJ 07108

Newark
Local realty services provided by:Burgdorff ERA
157 Milford Ave,Newark City, NJ 07108
$420,000
  • 6 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: rashel tixi
Office: realty one group sunrise201-265-7000
MLS#:4058117
Source:NJ_GSMLS

Price summary

  • Price:$420,000

About this home

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!

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Home facts

  • Year built:9999
  • Listing ID #:4058117
  • Added:9 day(s) ago
  • Updated:October 19, 2026 at 02:17 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:15
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Cooling:Wall A/C Unit(s)
  • Heating:Radiant - Hot Water

Structure and exterior

  • Year built:9999
  • Lot area:0.08 Acres
  • Architectural Style:2-Two Story

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$420,000
  • Tax amount:$5,694 (2025)

Parking

  • Parking description:Off-Street Parking
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated October 19, 2026

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