For Multi Family

489 15th Ave,Newark City, NJ 07103-2003

August 11, 2025

Investor’s Dream! Unique mixed-use property offering two buildings for the price of one! The first building features two spacious three-bedroom, one-bathroom apartments. The finished basement includes an additional full bathroom. The commercial unit on the first floor, previously used as a beauty salon and barbershop, comes with a half-bathroom. The second building, located behind the first, is perfect for use as an event space and includes a kitchen. Conveniently located near Newark Penn Station, public transportation, and local shops. Don’t miss out on this incredible opportunity!

Property ID:PT-763483-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 699,000 $

Bedrooms:6

Year Built:1930

Listing Details

Status: Active

Location

County: Essex

Lotsize: 22X100

Lot Identifier: 1

Home Details

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Finished, Full

Acreage: 0.05

Total Baths: 3.20

Number of Units: 4

Rooms: 12

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 2

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 Room Description: Bedrooms, Living Room

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector

Unit 3 Levels: 3

Unit 3 Rooms: 5

Unit 3 Beds: 3

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric

Unit 3 Handicap: No

Unit 3 Room Description: Bedrooms, Living Room

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Smoke Detector

Unit 4 Levels: 4

Unit 4 Rooms: 3

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric

Unit 4 Handicap: No

Unit 4 Room Description: Kitchen

Garage Description: None

Block Identifier: 289

County Number: 16

Town Number: 1614

YB/Desc: 1930 - Approximate

Easement: Unknown

Parking/Driveway Description: None

Block Identifier: 289

County Number: 16

Town Number: 1614

Possession: At Closing

Utilities

Heat Source: Gas-Natural

Heat System: 1 Unit

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-00289-0000-00001-0000-

Tax Year: 2023

Tax Rate: 3.728%

Tax Rate Year: 2024

Land Assessment: $25,200.00

Building Assessment: $199,800.00

Total Assessment: $225,000.00

FHA Age Restricted: No

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Listing Details

489 15th Ave,Newark City, NJ 07103-2003

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