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About This Home
This 5-bedroom, 2-bathroom residential multi family at 51 Demarest St in Newark City, NJ is listed for $569,900. Built in 1992, on a 0.06 acres lot.
Excellent opportunity to own a spacious 2-family home in Newark! 51 Demarest Street offers great flexibility for both investors and owner-occupants. The 1st floor unit is vacant and features 2 bedrooms, den, and 1 full bath, offering a comfortable layout with generous living space perfect for an owner-occupant or immediate rental income.
The 2nd floor unit is currently occupied and boasts an impressive 3 bedrooms and 1 full bath, providing substantial space and strong income potential. This property presents a rare opportunity with a large bedroom count across both units, making it ideal for maximizing rental returns.
Conveniently located near major highways, public transportation, schools, and local amenities. Whether you're looking to live in one unit while collecting rent from the other, or expand your investment portfolio, this multi-family property is full of potential. Don't miss out!
Key Features
- Built in 1992
- 0.06 acre lot
- 1 parking spaces
Property Details
Monthly Cost Estimate
$3,048/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
51 Demarest St
Newark City, NJ 07112-1669
Features & Amenities
Exterior Features
Property Details
Construction
Appliances
Questions & Answers
This 5-bedroom, 2-bathroom residential multi family at 51 Demarest St is listed at $569,900. The estimated monthly payment is $2,470 based on 20% down at 6.5% interest.
Key features include: Built in 1992, 0.06 acre lot, 1 parking spaces. Exterior Features: Storm Door(s), Storm Window(s).
This property is listed by JORGE VELASQUEZ and can be reached at 9734504000 or jvelasquez21@verizon.net.
