407 S 15Th St Newark, NJ $ 599,000
407 S 15Th St
$ 599,000
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407 S 15Th St

Newark, NJ, 07103
$ 599,000
Bedrooms6 Baths3.0 Sq 4,368

Monthly Estimate*

$ 3,737

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Multi-Family Home for sale in Newark, NJ

for $599,000 with 6 bedrooms and 3 full baths. This 4,368 square foot home was built in 1930 on a lot size of 0.08.

Incredible 2-Family Investment Opportunity in Newark! Discover your perfect property at 407 South 15th Street - a stunning two-family home that offers incredible potential and immediate income!Highlights: First Floor: Occupied tenant paying Rent Second Floor: Completely move-in ready Spacious basement with multiple potential uses Hardwood floors throughout entire Bulding Enclosed front porch adding charm and extra living space Massive driveway with parking for 4 vehiclesProperty Details:Turnkey investment opportunityImmediate rental incomeBeautifully maintainedPerfect for investors or owner-occupantsPrime Newark locationThis home isn't just a property - it's a smart financial opportunity! Whether you're looking to generate passive income or create your dream living space, this property checks all the boxes.Bonus Features: Flexible basement for additional living/storage/income potential Ample parking Move-in ready condition Solid rental incomePriced to sell! Don't miss this incredible Newark real estate gem. Schedule your showing today and turn your real estate dreams into reality!

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Multi-Family Active

Price

$ 599,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,290

Style

1-One Story

Lot Size

0.08

Year Built

1930

Town/City

Newark

County/Region

Essex

MLS | Web ID

3981346

Features
General
Sewer Public Sewer
Heating Forced Hot Air
Cooling Central Air
Utilities Electric Gas In Street
Possession exclusive agent
Roof Asphalt Shingle
Water Heater Gas
Architectural Style 1-One Story
Year Built 1930
Township Newark City
Tax Year 2024
Gross Income 24000
County Essex
Net Operating Income 14500
Operating Expense 9500
Total Rooms 10
Full Baths 3
Status Active
Directions From downtown Newark head south on key routesEasy navigation with clear street signageConvenient parking available
Open Parking Spaces 4
Number Of Units Total 2
Tax Annual Amount 6290
Home Warranty Y/N No
Drive Additional Parking Driveway-Shared
Standard Status Active
Tax Assessed Value 165400
Town # 1614
Tax Lot 35
Farm Assessment No
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Interior
Basement Finished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 6
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Exterior
Water Source Public Water
Exterior Description Brick
Building Area Total 4368
Lot Dimensions 35X100
Lot Size Acres 0.08
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* Excluded Features
List By
ZALMAN L. PAVEL

Listing Agent

Erealty Advisors, Inc.

Broker

Affordability Calculator

$4,261
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,737
Monthly Property Taxes
$524
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/18/2025$599,000 -3.23% Price Down
8/15/2025$619,000 Listed Price

Map


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407 S 15Th St, Newark, NJ, 07103 is a Multi-Family Home for sale at $599,000 with 4,368 sqft and a lot size of 0.08. 407 S 15Th St has 6 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 07103 which is in Newark, NJ