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$749,999 Just Listed
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Property Description
48 Cedar Ave is a well-maintained 3-family property offering strong rental potential and immediate cash flow. The 1st floor features 3 bedrooms, 1 bath, currently rented at $2,150/month. The 2nd floor unit includes 3 bedrooms, 1 bath, with access to the basement and garage, generating $2,798/month. The 3rd floor offers a 2-bedroom, 1 bath unit, currently vacant, but perfect for an owner-occupant or to lease for additional income (projected at $1,750/month).Ideally located just off South Orange Ave, this property provides convenient access to major highways, public transportation, shopping, and schools. Whether you're an investor looking to expand your portfolio or a buyer seeking to offset your mortgage with rental income, this is a fantastic opportunity with great upside potential!
Full Property Details
Full Property Details for 48 Cedar Ave
General
- Price: $749,999
- Taxes: $10,793 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4026803
- Updated: 5/13/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: Between South Orange Avenue & 14th Avenue
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 3 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
- Year Built: 1930
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Kitchen, Living/Dining Room, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 37.6 x 100
- Driveway/Sidewalk: 1 Car Width
Financial Considerations
- Assessment Amount: $257,100
- Land Assmt: $12,800
- Tax Amount: $10,793
- Tax Year: 2025
Disclosures and Reports
- Block: 4214
- Lot Number: 35
Listed by Exodus Real Estate
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Schools
Schools serving 48 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 |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 1.1 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.9 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.8 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 2.2 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 1.2 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.4 mi |
Mount Vernon Elementary School 142 Mount Vernon Place, Newark, NJ 07106 | PK-8 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 48 Cedar Ave
Date
Details
Price
Change
Source
5/11/2026
Listed
$749,999
2.04%
MLS
5/03/2024
Sold
$735,000
—
Public Record
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 Cedar Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,014
180%
$269,900
163%
2022
$3,579
3%
$102,500
—
2021
$3,475
34%
$102,500
—
2021
$2,596
-27%
$102,500
—
2018
$3,535
4%
$102,500
—
2017
$3,399
-6%
$102,500
—
2019
$3,605
10%
$102,500
—
2016
$3,276
4%
$102,500
—
2015
$3,142
7%
$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 Cedar Ave
48 Cedar Ave, Newark, NJ 07106 (MLS# 4026803) is a Multi-Family property with 3 units containing 8 bedrooms, 3 full bathrooms and 1 partial bathroom. 48 Cedar Ave is currently listed for $749,999 and was received on May 11, 2026. Want to learn more about 48 Cedar 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.

