51 Demarest Street

Newark, NJ 07112

$569,900

5 bd / 2 ba

Property Tax: $6,446/year

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.

Listed By:

Jorge Velasquez: (973) 450-4000,
RE/MAX Professionals 1
Source: njmls, MLS#: 238604156

NJMLS Internet Data Exchange

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than SILVERMAN are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 07/28/2026
Source: New Jersey Multiple Listing Service, Inc.

©2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

Schedule a tour with a SILVERMAN agent

719 Cypress Street

6 bd / 4 ba
$1,300,000

25 Ackerman Road

6 bd / 4 ba
$2,449,000

75 Mazur Place

5 bd / 4 ba
$1,125,000

675 Ramapo Valley Road

21 bd / 19 ba
$19,000,000

161 18th #4C

1 bd / 1 ba
$285,000

57A W Fairview Avenue

6 bd / 2 ba
$799,000