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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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157 Milford Ave , Newark City, NJ 07108
$420,000
Est. Payment: $2,292.11/mo
6 Bed
2 Bath
0.08 Acres
Status: active | Days on site: 13
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5760 - 396630
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Susan Maryanski
Operator

House Description

Welcome to 157 Milford Avenue, a two-family property generating $3,800 in monthly rental income, totaling $45,600 annually! Each unit features 3 bedrooms, 1 full bathroom, a living room, dining room, and kitchen. The first-floor unit was fully renovated in 2026 and is currently rented for $2,300/month under a one-year lease. The second-floor unit is rented for $1,500/month on a month-to-month basis, offering additional renovation and value-add potential. The unfinished basement includes plumbing hookups for a potential bathroom. The property also features a backyard with room for improvements and is situated on a dead-end street with street parking available. Property needs renovations and is being sold strictly AS IS. An excellent opportunity for investors looking to generate immediate rental income while building long-term equity through property improvements!

Highlights

Listed by RASHEL TIXI , MP REALTY ONE GROUP SUNRISE , 201-265-7000. Garden State MLS

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

9999

County

Essex

Listing ID

4058117

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Window A/C(s)
Fireplaces:
Basement:Unfinished
Water:Public Water

Exterior Features

Lot Dimensions:25X132.1
Roof:See Remarks
Others:
  • ▪ Additional:See Remarks, Off-Street Parking
Sewer:Public Sewer, See Remarks
Principal Interest
$2,292
Taxes
$475

Home Price

$420,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$84,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,292.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,292.11 $474.50 $0.00 $2,766.61
Yearly $27,505.35 $5,694.00 $0.00 $33,199.35
Total $825,160.43 $170,820.00 $0.00 $995,980.43

Today's Rates

30 Year

7.25%

20 Year

7.06%

15 Year

6.58%

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Market insight data is pulled from the same city as the listing being viewed (Newark City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-22T22:59:27.000Z

© 2026 Garden State MLS