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Listed by Jorge Velasquez RE/MAX Professionals 1
$ 750,000
Est. payment | /mo
6 Beds
2 Baths
$ 750,000
Est. payment | /mo
6 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26012621
Style 2 Family
Bedrooms 6
Full Baths 2
Property Sub-Type 2 Family
Property Description
Welcome to 125 Malvern Avenue a turnkey two-family opportunity in the heart of Newark, ideal for investors or owner-occupants looking to generate immediate income. This fully vacant property is ready for lease-up, allowing a new owner to set market rents from day one. Each unit offers a flexible layout suited for strong rental demand in one of New Jersey's fastest-growing urban markets. A standout feature of this property is the masonry garages located at the rear, providing valuable additional income potential or secure off-street parking a highly sought-after amenity in Newark. The property is currently fully furnished, offering a unique opportunity for a streamlined rental setup or furnished rental strategy. Furnishings can be included as part of the sale, though they are not included by default. The property is also undergoing a subdivision with the adjacent lot. As part of this, the new configuration will include a 10-foot easement providing driveway access to the rear of the property, creating a dedicated pathway for parking and enhancing long-term usability and value. The property benefits from strong tenant demand driven by affordability and accessibility. Nearby attractions such as Prudential Center and Newark Liberty International Airport further strengthen its appeal.
Location
State NJ
County Essex
Interior
Laundry None
