Skip To Content

732 S 15th St

Newark City, NJ 07103
  • $535,000
  • STATUS: Active Under Contract
  • ON SITE: 94 Days
  • ID#: 3946545
Under Contract
$535,000
  • 8
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,208
    SQFT
  • $242
    $/SQFT
Type:
Multi-Family
Built:
1907
County:
Area:

School Ratings & Info

Description

This well-maintained two-family property offers an excellent investment opportunity with eight bedrooms and three full bathrooms, generating high rental income - currently $3,010 with room for higher rent roll around $5,300- while benefiting from low property taxes. The property has been recently updated, featuring a brand-new roof, a new boiler, and gutters that were replaced just two years ago. First floor is vacant and upstairs is occupied with reliable, month- to-month tenants in place, it ensures steady cash flow for investors or savyy buyers house-hacking. Located in a rapidly developing area near newly constructed luxury condos, the neighborhood is undergoing significant reconstruction, increasing property values and future appreciation potential. This is a prime opportunity to invest in a high-demand location. The first and second floor have the same layout.

Monthly Payment Calculator



Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-23T23:46:54.347.
www.daunnorealty.com/homes/160642766
Print Image

732 S 15th St Newark City, NJ 07103

  • Price: $535,000
  • Status: Active Under Contract
  • On Site: 94 Days
  • ID#: 3946545
8
Beds
3
Baths
0
½ Baths
0.05
Acres
2,208
SQFT
$242
$/SQFT
1907
Built
County:
Essex
Area:
Newark City
Property Description
This well-maintained two-family property offers an excellent investment opportunity with eight bedrooms and three full bathrooms, generating high rental income - currently $3,010 with room for higher rent roll around $5,300- while benefiting from low property taxes. The property has been recently updated, featuring a brand-new roof, a new boiler, and gutters that were replaced just two years ago. First floor is vacant and upstairs is occupied with reliable, month- to-month tenants in place, it ensures steady cash flow for investors or savyy buyers house-hacking. Located in a rapidly developing area near newly constructed luxury condos, the neighborhood is undergoing significant reconstruction, increasing property values and future appreciation potential. This is a prime opportunity to invest in a high-demand location. The first and second floor have the same layout.
Exterior Features

Approximate Lot Size 25X95 Exterior Description Aluminum Siding Exterior Features Metal Fence Number Of Parking Spaces 0 Parking Driveway Description None Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinished Cooling Window A/C(s) Heating 2 Units Interior Features Smoke Detector Total Number Of Rooms 10 Unit1 Appliances Equipment CarbMDetCookGasKitExhFnRgOvGasRefrigSmokeDet Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving/Dining RoomMaster Bedroom Unit1 Rooms 4 Unit1 Security Deposit 0 Unit1 Sq Ft 9999 Unit2 Appliances Equipment CarbMDetCookGasKitExhFnRgOvGasRefrigSmokeDet Unit2 Baths 2.0 Unit2 Bedrooms 5 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsEat-In KitchenLiving/Dining RoomMaster Bedroom Unit2 Rooms 6 Unit2 Sq Ft 9999 Unit3 Baths 1.0 Unit3 Room Description AtticBedrooms

Property Features

Assessment Total 179600 Building Assessment 149000 Easement Unknown Exclusions Tenants personal belongings Expenses Include Hot & Cold Water Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 4690 Land Assessment 30600 Net Operating Income 4540 Renovated Year 2018 Sewer Public Sewer Tax Amount 6830 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 150 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 3010 Unit2 Security Deposit 1850 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Utilities Gas-Natural Water Public Water Year Built Description Renovated

Listing information © 2025 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Village Square: 347-592-3774.


Garden State MLS logo © 2025 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2025-05-23T23:46:54.347.
 
https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_4_3946545-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_4_3946545-2.jpg https://bt-photos.global.ssl.fastly.net/gsmls/orig_boomver_4_3946545-2.jpg
Logo
Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066