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31 Cedar Ave

Newark City, NJ 07106-1246

11 beds
3 baths
– sqft
3,485 sqft lot
1915 build
– on site

Welcome to 31 Cedar Ave, Newark, NJ, a recently renovated 3-family property located in the vibrant Upper Vailsburg neighborhood. This investment opportunity features two spacious 4-bedroom units and one 3-bedroom unit, currently vacant, offering flexibility for either immediate rental or Owner-occupancy. As an Owner occupant you can enjoy the long term gains while achieving equitable value. Why Rent when You Can own! Upper Vailsburg is a sought-after community with a blend of suburban charm and urban accessibility, appealing to new homebuyers and investors alike. Known for its beautiful Victorian and Dutch colonial-style homes, the area also boasts close proximity to key landmarks like Ivy Hill Park, a lush green space perfect for outdoor activities. Additionally, Upper Vailsburg provides convenient access to public transportation, major highways, and a short commute to New York City, making it ideal for tenants seeking both tranquility and convenience.The neighborhood's increasing home values and rental demand make this property a smart investment for wealth-builders focused on generating cash flow through multi-family properties. With nearby amenities including local shops, schools, and historic sites. 31 Cedar Ave is well-positioned to attract long-term renters and provides a solid return on investment.Don't miss this opportunity to own a turn-key, income-generating property in one of Newark's most promising neighborhoods! Bring All offers Today

Listing courtesy of GSMLS / ANDRE LOGAN, 201-992-5863 / VYLLA HOME

Last checked: Checking… • Last updated Oct 25, 2024 •

MLS# 3927291 —

The Building

Construction Date/Year Built:

1915
Unit Style:

3-Three Story
Roof Description:

Asphalt Shingle
Exterior Description:

Vinyl Siding
Basement:

Yes
Total # of Units:

3

Interior

Total # of Rooms:

13
Interior Features:

Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Basement Description:

Full, Unfinished

Location

Directions:

google maps
Latitude:

40.74614
Longitude:

-74.21936

The Property

Lot Identifier:

4
Approx Lot Size:

31 Sqft
Total Acres:

0 Sqft
Exterior Features:

Sidewalk
Easements:

No
Assessment Land:

12500
Assess Amount Land Tax:

*

Listing Agent

Contact info:

Taxes

Tax ID For Property:

1614-04206-0000-00004-0000-
Tax Year:

2023
Tax Year:

*
Tax Rate:

*
Tax Rate Year:

2023
Tax Rate Amount:

3.728
Tax Amount:

$6,546
Tax Amount:

$*
Lot ID Tax:

*
Lot Size Tax:

*
Acres Tax:

$*
Block ID Tax:

*
City Tax:

$*
County Tax:

$*
Zip Code Tax:

*

Beds

# of Bedrooms:

11
Unit 1 Bedrooms:

4
Unit 3 Bedrooms:

3
Unit 2 Bedrooms:

4

Baths

Total # of Baths:

3.00
Total # of Full Baths:

3
Unit 1 Baths:

1.0
Unit 2 Baths:

1.0
Unit 3 Baths:

1.0

Heating & Cooling

Cooling:

Window A/C(s)
Heating:

Baseboard - Hotwater, Radiant - Hot Water
Water Heater:

Gas

Utilities

Water:

Public Water
Fuel Type:

Gas-Natural
Sewer:

Public Sewer

The Community

Assessment Total:

175600
Assessment Total Tax:

*
Assessment Bldg:

163100
Assess Amount Building Tax:

*

Parking

Parking/Driveway Description:

On-Street Parking

Extra Units

Unit 1 SqFt:

1125
Unit 2 SqFt:

1125
Unit 3 SqFt:

1125
Unit 1 Levels:

1
Unit 2 Levels:

1
Unit 3 Levels:

1
Unit 1 Rooms:

6
Unit 2 Rooms:

6
Unit 3 Rooms:

6
Unit 1 Handicap Modified:

No
Unit 2 Handicap Modified:

No
Unit 3 Handicap Modified:

Yes
Unit 1 Room Description:

Bedrooms, Living/Dining Room, Master Bedroom
Unit 2 Room Description:

Bedrooms, Living/Dining Room, Master Bedroom
Unit 3 Room Description:

Bedrooms, Living/Dining Room, Master Bedroom
Unit 1 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 2 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 3 Appliances/Equipment:

Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/24/24 Oct 24, 2024	Sold Subject To Contingencies	GSMLS	$640,000
10/3/24 Oct 3, 2024	Listed / Active	GSMLS	$640,000

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This multifamily located in Lower Vailsburg, Newark, NJ 07106-1246 is currently for sale for $640,000. 31 Cedar Ave is a – square foot multifamily with 11 beds and 3 baths that has been on Estately for 41 days. 31 Cedar Ave is in the Lower Vailsburg neighborhood of Newark and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Newark School Of Data Science & Information Technology, Chancellor Avenue School, Newark School Of Global Studies, Peshine Avenue Academy, Mount Vernon School, Ivy Hill Elementary School, Newark School Of Fashion & Design, South Seventeenth Street Elementary School, Thirteenth Avenue School, and Speedway Academies.

Listing courtesy of GSMLS / ANDRE LOGAN, 201-992-5863 / VYLLA HOME

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.