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$898,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
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Rare investment opportunity in North Newark offering a 7% cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.

Full Property Details for 13-15 May St

General

  • Price: $898,000
  • Taxes: $10,901 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4018225
  • Updated: 4/24/2026
  • Added to Site: 66 day(s) ago

Interior

  • Number of Rooms: 17

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Location

  • County: Essex
  • Driving Directions: Wakeman Ave to May Street

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: 2 Units, Radiators - Steam
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished-Partially
  • Roof: Asphalt Shingles
  • Year Built: 1899

Unit Information

Unit 1

  • Unit Description: Bedrooms
  • Square Feet: 1710
  • Levels/Stories: 1
  • Total Bathrooms: 4
  • Bedrooms: 5

Unit 2

  • Unit Description: Bedrooms
  • Square Feet: 1710
  • Levels/Stories: 1
  • Total Bathrooms: 7
  • Bedrooms: 5

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 5240 SF
  • Driveway/Sidewalk: Additional Parking, Blacktop, Driveway-Exclusive, Fencing, Off-Street Parking, On-Street Parking

Financial Considerations

  • Operating Expenses: $18,000
  • Assessment Amount: $236,100
  • Land Assmt: $36,500
  • Tax Amount: $10,901
  • Tax Year: 2025

Disclosures and Reports

  • Block: 621
  • Lot Number: 26

Listed by Robert Defalco Realty Llc

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Listing agent

— 13-15 May St —

  • Robert Defalco Realty Llc

732-845-3200

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 13-15 May St

School District:Newark City School District
NameGradesDistance
Rafael Hernandez Elementary School
345 Broadway, Newark, NJ 07104
PK-40.4 mi
Luis Munoz Marin Ele
663 Broadway, Newark, NJ 07104
PK-40.5 mi
Roberto Clemente Elementary School
257 Summer Avenue, Newark, NJ 07104
K-40.5 mi
Technology High School
223 Broadway, Newark, NJ 07102
9-120.7 mi
Barringer High School
90 Parker Street, Newark, NJ 07104
9-121.1 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-122.6 mi
Ridge Street Elementary School
735 Ridge Street, Newark, NJ 07104
5-80.8 mi
Abington Ave. Elementary School
209 Abington Avenue, Newark, NJ 07107
PK-80.8 mi
First Avenue Elementary School
214 1st Avenue, Newark, NJ 07107
5-80.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 13-15 May St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/24/2026
Price Reduced
$898,000
-2.27%
MLS
3/24/2026
Listed
$918,888
129.72%
MLS
10/13/2017
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 13-15 May St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,367
2%
$272,600
—
2022
$10,184
—
$272,600
—
2021
$10,179
-2%
$272,600
—
2020
$10,359
1%
$272,600
—
2019
$10,252
28%
$272,600
25%
2018
$8,029
4%
$217,400
—
2017
$7,739
3%
$217,400
—
2016
$7,479
4%
$217,400
—
2015
$7,194
7%
$217,400
—
2014
$6,742
—
$217,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 13-15 May St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Robert Defalco Realty Llc

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13-15 May St, Newark, NJ 07104 (MLS# 4018225) is a Multi-Family property with 2 units containing 10 bedrooms and 5 full bathrooms. 13-15 May St is currently listed for $898,000 and was received on March 24, 2026. Want to learn more about 13-15 May St? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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