Listing Details

51 Demarest St,Newark City, NJ 07112-1669

  • February 14, 2026

Description

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 3 bedrooms 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 5 bedrooms and 2 full baths, 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!

Details

Last Updated On: February 14th, 2026 at 9:28 pm
Property ID:PT-28406121-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 569,900 $
Bedrooms:5
Year Built:1992

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 25X103
Lot Identifier: 42.02
Lot Identifier: 42.02

Home Details

Open Parking: 1
Basement: No
Acreage: 0.06
Total Baths: 2.00
Unit Style: 2-Two Story
Number of Units: 2
Rooms: 12
Easement/Desc: Unknown
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: TBD
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 1 Levels: 1
Unit 1 Rooms: 6
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Den, Eat-In Kitchen, Living Room
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Unit 2 Levels: 1
Unit 2 Rooms: 7
Unit 2 Beds: 3
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Garage Description: Attached Garage
Number of Garage Spaces: 1
Block Identifier: 3057
County Number: 16
Town Number: 1614
YB/Desc: 1992 - Approximate
Easement: Unknown
Parking/Driveway Description: 1 Car Width
Block Identifier: 3057
County Number: 16
Town Number: 1614
Possession: TBD

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-03057-0000-00042-0002-
Tax Amount: $6,446.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $26,300.00
Building Assessment: $143,200.00
Total Assessment: $169,500.00
FHA Age Restricted: No

Features

  • Storm Door(s)
  • Storm Window(s)

Statistics

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