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… Read More 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. Read Less
Courtesy of RE/MAX PROFESSIONALS I.
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Beds
6
Lot Size
0.15 Acres
Year Built
1950
MLS Number
4020340
30 Days Snapshot Of 07105
$470k
+21%
(avg) sold price
2
-71%
homes sold
91
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1950, Renovated in 2025
Cooling
2 Units, Wall A/C Unit(s)
Exterior Features
Aluminum Siding
Garage
2 garage spaces, Detached Garage, Garage Parking
Water Features
See Remarks, Public Water
Heating
Gas-Natural, Forced Hot Air
Lot
Approximate Lot Size: 62.6X104.6, 0.15 acres, Level Lot
Parking
4 parking spaces, Off-Street Parking, Parking Lot-Exclusive, See Remarks
Property
2 units, FHA Age Restricted: No
Roof
See Remarks
Sewer
Public Sewer
Taxes
Annual Tax Amount: $11,713, Tax Rate: 3.999
Unit One
1 bathroom, 3 bathrooms, Handicap Accessibility: No, Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Unit Two
1 bathroom, 3 bathrooms, Handicap Accessibility: No, Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Utilities
Gas-Natural
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