48-50 Cedar Avenue, Newark, NJ 07106 - Photo 1

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1/23

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$725,000

For Sale
Active
Multi-Family
9 Total Beds

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1/23

Property Description

Presenting a rare three-family home in the heart of Newark's Lower Vailsburg, an evolving neighborhood. This versatile property spans three unique units, complete with a detached garage and drive access. Whether you're an investor seeking rental income or a homeowner looking for rental income, this gem offers endless opportunity. Positioned in a lively, walkable community,

Full Property Details

Full Property Details for 48-50 Cedar Ave

General

Price: $725,000
Taxes: $3,898
Status: Active
Type: Multi-Family
Source: NJMLS
MLS ID: 25030185
Updated: 8/22/2025
Added to Site: 148 day(s) ago

Interior

Number of Rooms: 16

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 9

Other Rooms

Laundry: None

Location

Area: Newark
County: ESSEX

Utilities

Utility Description: Sep Elec, Sep Gas

Structural Information

Architectural Style: 3 Family

Financial Considerations

For Sale: Yes
For Sale/Rent/Lease: For Sale
Tax Amount: $3,898

Listed by The Real Estate Company (908) 686-7800, Hernan Castro (732) 522-4663

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Listing agent

— 48-50 Cedar Ave —

Hernan Castro

The Real Estate Company

732-522-4663

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NMLS#: 1598647

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Schools

Schools serving 48-50 Cedar Ave

School District:Newark City School District

Name	Grades	Distance
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	0.2 mi
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106	K-8	0.9 mi
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	0.9 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1.1 mi
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106	PK-8	1.2 mi
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106	PK-8	1.5 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	2 mi
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	2.2 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	2.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 48-50 Cedar Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/21/2025

Listed

$725,000

-1.36%

MLS

5/03/2024

Sold

$735,000

—

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

Tax History for 48-50 Cedar Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$10,014

180%

$269,900

163%

2022

$3,579

$102,500

—

2021

$3,475

34%

$102,500

—

2021

$2,596

-27%

$102,500

—

2018

$3,535

$102,500

—

2017

$3,399

-6%

$102,500

—

2019

$3,605

10%

$102,500

—

2016

$3,276

$102,500

—

2015

$3,142

$102,500

—

2014

$2,929

—

$102,500

—

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

Estimate the Cost for 48-50 Cedar Ave

48-50 Cedar Avenue, Newark, NJ 07106 (MLS# 25030185) is a Multi-Family property with units containing 9 bedrooms and 3 full bathrooms. 48-50 Cedar Avenue is currently listed for $725,000 and was received on August 21, 2025. Want to learn more about 48-50 Cedar Avenue? 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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48-50 Cedar Ave Newark, NJ 07106