51 Demarest St Newark, NJ 07112
Weequahic NeighborhoodEstimated payment $3,642/month
About This Home
Exceptional opportunity to own a spacious 2-family home in Newark! Ideal for both investors and owner-occupants, this income-producing property offers flexibility and strong rental potential. The vacant first-floor unit features 2 bedrooms, a den, 1 full bath, and a comfortable layout, making it perfect for immediate occupancy or rental income. The second-floor unit is occupied and offers 3 bedrooms and 1 full bath, providing established income and excellent tenant appeal. With a total of 5 bedrooms plus a den, this property stands out for its size and versatility. Conveniently located near major highways, NJ Transit, Newark Penn Station, schools, shopping, restaurants, and local amenities, making commuting and daily errands a breeze. Whether you're looking to live in one unit while collecting rent from the other, or add a solid multi-family asset to your investment portfolio, this property offers outstanding value and potential.
Listing Agent
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
- Asphalt Shingled Roof
- 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-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $6,778 | $169,500 | $26,300 | $143,200 |
| 2025 | $6,778 | $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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/14/2026 02/14/26 | For Sale | $569,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Cross Bridge Title | |
| Bargain Sale Deed | $520,000 | Old Republic National Title | |
| Bargain Sale Deed | -- | None Listed On Document | |
| Deed | -- | Misc Company | |
| Deed | $205,000 | Misc Company | |
| Deed | $65,100 | Land Track Title Agency Llc | |
| Deed | -- | None Available | |
| Deed | $139,900 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $390,000 | New Conventional | |
| Previous Owner | $243,750 | New Conventional | |
| Previous Owner | $176,000 | New Conventional | |
| Previous Owner | $85,100 | Purchase Money Mortgage |
Source: Garden State MLS
MLS Number: 4009781
APN: 14-03057-0000-00042-02
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