$569,900

51 Demarest St Newark, NJ 07112

Weequahic Neighborhood

Estimated payment $3,502/month

Total Views 2,013
5 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

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!

Listing Agent

Jorge Velasquez

RE/MAX PROFESSIONALS I Brokerage Phone: 973-450-4000 Listed on: 02/14/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,446

Year Built

  • Built in 1992

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Storm Windows
  • Storm Doors

Utilities

  • Window Unit Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Assessor Parcel Number 1614-03057-0000-00042-0002-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,446

Year Built

Built in 1992

Lot Details

2,614 Sq Ft Lot

Parking

1

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1992
  • Year Built Description: Approximate
  • County Name: Essex
  • Exclusions: Personal Property.
  • Directions: Nye Ave. to Demarest St.
  • I D: 5410072
  • Attribution Contact: 973-450-4000
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Storm Door(s), Storm Window(s)
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 1
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 25X103
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6446
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-03057-0000-00042-0002-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,319 $169,500 $26,300 $143,200
2024 $6,319 $169,500 $26,300 $143,200
2022 $6,333 $169,500 $26,300 $143,200
2021 $6,329 $169,500 $26,300 $143,200
2020 $3,800 $100,000 $26,300 $73,700
2019 $5,013 $133,300 $26,300 $107,000
2018 $4,923 $133,300 $26,300 $107,000
2017 $4,745 $133,300 $26,300 $107,000
2016 $4,586 $133,300 $26,300 $107,000
2015 $4,411 $133,300 $26,300 $107,000
2014 $4,134 $133,300 $26,300 $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2026 02/14/26 For Sale $569,900 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $520,000 Old Republic National Title
Bargain Sale Deed -- Cross Bridge Title
Deed $205,000 Misc Company
Deed -- Misc Company
Deed $65,100 Land Track Title Agency Llc
Deed -- None Available
Deed $139,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $390,000 New Conventional
Previous Owner $176,000 New Conventional
Previous Owner $85,100 Purchase Money Mortgage
Previous Owner $142,000 No Value Available
Source: Public Records

Source: Garden State MLS

MLS Number: 4009781

Garden State MLS

APN: 14-03057-0000-00042-02

New Jersey Essex County Newark 07112 Weequahic

51 Demarest St, Newark, NJ

For Sale

MultiFamily

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Jorge Velasquez
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