For Multi Family

407 S 15Th St,Newark City, NJ 07103-1601

March 12, 2026

Turnkey fully detached BRICK two-family home with multiple parking in Newark?s West Side offering immediate rental income and strong investment potential. Currently fully occupied, generating strong monthly income. Features include hardwood floors throughout, enclosed front porch, spacious basement with flexible use potential, and a rare driveway accommodating up to four vehicles. Spacious and bright apartments, featuring 3 beds, 1 baht per unit, with ample living space. Conveniently located near public transportation, shopping, and major commuter routes?making this an excellent opportunity for investors or owner-occupants alike. Explore the possibilities and schedule a private tour today.

Property ID:PT-31462612-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 599,000 $

Bedrooms:6

Year Built:1930

Listing Details

Status: Active

Location

County: Essex

Lotsize: 35X100

Lot Identifier: 35

Home Details

Open Parking: 4

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.08

Total Baths: 2.00

Unit Style: 2-Two Story

Number of Units: 2

Rooms: 11

Easement/Desc: Yes

Exterior Description: Brick

Roof Description: Asphalt Shingle

Possesion: ASAP

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 1775

Unit 1 Room Description: Bedrooms, Kitchen, Living Room

Unit 1 Security Deposit: 2662

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 6

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 1850

Unit 2 Room Description: Bedrooms, Kitchen, Living Room, Porch

Unit 2 Security Deposit: 2775

Block Identifier: 319

County Number: 16

Town Number: 1614

YB/Desc: 1930 - Approximate

Easement: Yes

Parking/Driveway Description: Driveway-Shared

Block Identifier: 319

County Number: 16

Town Number: 1614

Possession: ASAP

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Tax ID For Property: 1614-00319-0000-00035-0000-

Tax Amount: $6,614.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $32,500.00

Building Assessment: $132,900.00

Total Assessment: $165,400.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units, Forced Hot Air

Cool System: 2 Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

407 S 15Th St,Newark City, NJ 07103-1601

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