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$569,000
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Property Description
Located at 406 S 15th Street in Newark, this multi-family property spans three stories. The first and second floors each feature a 3-bedroom, 1-bathroom layout, offering spacious living areas, well-sized bedrooms, and functional kitchens. The third floor is a versatile bonus space designed as a studio-style living area with a bathroom, offering privacy and convenience. This property presents an excellent investment opportunity, whether for rental purposes or as a private living space, and is situated in a prime location with easy access to amenities and transportation.
Full Property Details
Full Property Details for 406 S 15th St
General
- Price: $569,000
- Taxes: $5,571 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3994028
- Updated: 10/22/2025
- Added to Site: 87 day(s) ago
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Garage Description: See Remarks
Location
- County: Essex
- Driving Directions: S Orange Ave to S 15th St
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 2 Units
- 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.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1914
- Remodeled/Updated: 2025
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room, See Remarks
- Square Feet: 9999
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 4
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $115,200
- Land Assmt: $31,300
- Tax Amount: $5,571
- Tax Year: 2024
Disclosures and Reports
- Block: 318
- Lot Number: 45
Listed by Keller Williams Mid-Town Direct
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Schools
Schools serving 406 S 15th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.4 mi |
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103 | K-4 | 0.5 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 0.6 mi |
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108 | PK-8 | 1.5 mi |
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112 | K-6 | 1.6 mi |
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 1.6 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.7 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 1.7 mi |
George Washington Carver Elementary School 333 Clinton Place, Newark, NJ 07112 | PK-8 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 406 S 15th St
Date
Details
Price
Change
Source
10/22/2025
Listed
$569,000
—
MLS
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
Tax History for 406 S 15th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,571
2%
$146,500
—
2022
$5,473
—
$146,500
—
2021
$5,470
-2%
$146,500
—
2020
$5,567
1%
$146,500
—
2019
$5,510
2%
$146,500
—
2018
$5,410
4%
$146,500
—
2017
$5,215
3%
$146,500
—
2016
$5,040
4%
$146,500
—
2015
$4,848
12%
$146,500
—
2013
$4,326
—
$146,500
—
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
Estimate the Cost for 406 S 15th St
406 S 15th St, Newark, NJ 07103 (MLS# 3994028) is a Multi-Family property with 2 units containing 7 bedrooms and 3 full bathrooms. 406 S 15th St is currently listed for $569,000 and was received on October 22, 2025. Want to learn more about 406 S 15th 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.

