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$569,900

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 1 Car Garage
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Exceptional opportunity to own a spacious 2-family home in Newark! Ideal for both investors and owner-occupants, this income-producing property offers flexibility and strong rental potential. The vacant first-floor unit features 2 bedrooms, a den, 1 full bath, and a comfortable layout, making it perfect for immediate occupancy or rental income. The second-floor unit is occupied and offers 3 bedrooms and 1 full bath, providing established income and excellent tenant appeal. With a total of 5 bedrooms plus a den, this property stands out for its size and versatility. Conveniently located near major highways, NJ Transit, Newark Penn Station, schools, shopping, restaurants, and local amenities, making commuting and daily errands a breeze. Whether you're looking to live in one unit while collecting rent from the other, or add a solid multi-family asset to your investment portfolio, this property offers outstanding value and potential.

Full Property Details for 51 Demarest St

General

  • Price: $569,900
  • Taxes: $6,446 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4009781
  • Updated: 6/17/2026
  • Added to Site: 147 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Exterior

  • Exterior Features: Storm Door(s), Storm Window(s)

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Garage Description: Attached Garage

Location

  • County: Essex
  • Driving Directions: Nye Ave. to Demarest St.

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 2 Units
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Architectural Style: 2-Two Story
  • Exterior Const.: Vinyl Siding
  • Roof: Asphalt Shingles
  • Year Built: 1992

Unit Information

Unit 1

  • Unit Description: Bedrooms, Den, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Dimensions: 25 x 103
  • Driveway/Sidewalk: 1 Car Width

Financial Considerations

  • Assessment Amount: $143,200
  • Land Assmt: $26,300
  • Tax Amount: $6,446
  • Tax Year: 2024

Disclosures and Reports

  • Exclusions: Personal Property.
  • Block: 3057
  • Lot Number: 42.02

Listed by Re/Max Professionals I

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Listing agent

— 51 Demarest St —

  • Re/Max Professionals I

973-450-4000

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

Schools serving 51 Demarest St

School District:Newark City School District
NameGradesDistance
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-60.1 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-80.7 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.8 mi
Weequahic High School
279 Chancellor Avenue, Newark, NJ 07112
9-120.6 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-121.1 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-121.4 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-61.4 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-81.6 mi
Ivy Hill Elementary School
107 Ivy Street, Newark, NJ 07106
PK-81.9 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 51 Demarest St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/14/2026
Listed
$569,900
9.6%
MLS
11/23/2022
Sold
$520,000
—
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 51 Demarest St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,778
7%
$169,500
—
2022
$6,333
—
$169,500
—
2021
$6,315
54%
$169,500
70%
2021
$4,097
-18%
$100,000
-25%
2019
$5,013
2%
$133,300
—
2018
$4,923
4%
$133,300
—
2017
$4,745
3%
$133,300
—
2016
$4,586
4%
$133,300
—
2015
$4,411
12%
$133,300
—
2013
$3,936
—
$133,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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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 Re/Max Professionals I

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51 Demarest St, Newark, NJ 07112 (MLS# 4009781) is a Multi-Family property with 2 units containing 5 bedrooms and 2 full bathrooms. 51 Demarest St is currently listed for $569,900 and was received on February 14, 2026. Want to learn more about 51 Demarest St? 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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