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$420,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 2 days ago
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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!

Full Property Details for 157 Milford Ave

General

  • Price: $420,000
  • Taxes: $5,694 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4058117
  • Updated: 10/9/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 15

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Location

  • County: Essex
  • Driving Directions: 157 Milford Avenue, Newark, NJ 07108 follow GPS directions to property

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: Radiant - Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer, See Remarks
  • Water: Public Water
  • Utility Description: See Remarks

Structural Information

  • Architectural Style: 2-Two Story
  • Exterior Const.: See Remarks
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: See Remarks
  • Year Built: 9999

Unit Information

Unit 1

  • Unit Description: See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: See Remarks
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Dimensions: 25 x 132.1
  • Driveway/Sidewalk: Off-Street Parking

Financial Considerations

  • Assessment Amount: $118,600
  • Land Assmt: $23,800
  • Tax Amount: $5,694
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: tenants belongings
  • Block: 2699
  • Lot Number: 2

Listed by Realty One Group Sunrise

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Listing agent

— 157 Milford Ave —

  • Realty One Group Sunrise

201-265-7000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 157 Milford Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/09/2026
Listed
$420,000
55.56%
MLS
7/08/2022
Sold
$270,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 157 Milford Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,695
7%
$142,400
—
2022
$5,320
—
$142,400
—
2021
$5,317
33%
$142,400
—
2021
$4,009
-24%
$142,400
—
2018
$5,259
-2%
$142,400
—
2019
$5,356
6%
$142,400
—
2017
$5,069
3%
$142,400
—
2016
$4,899
4%
$142,400
—
2015
$4,712
12%
$142,400
—
2013
$4,205
—
$142,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 157 Milford Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Realty One Group Sunrise

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157 Milford Ave, Newark, NJ 07108 (MLS# 4058117) is a Multi-Family property with 2 units containing 6 bedrooms and 2 full bathrooms. 157 Milford Ave is currently listed for $420,000 and was received on October 09, 2026. Want to learn more about 157 Milford Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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