472 S 15th Street, Newark, NJ 07103 - Photo 1

1/1

$530,000

Sold
Closed
Multi-Family
7 Total Beds

1/1

Property Description

Turnkey 3-Family Property in Newark This prime investment opportunity features two vacant units ready for new tenants and one unit requiring light cosmetic work. The property includes spacious three-bedroom, one-bath units on the first and second floors, along with a cozy one-bedroom, one-bath unit on the third floor. Recent updates include kitchen and bathroom renovations in 2019, as well as a new furnace. With a projected net operating income of $77,256 and a cap rate exceeding 10%, this property offers exceptional cash flow potential.

Full Property Details

Full Property Details for 472 S 15th St

General

Sold For: $530,000
Taxes: $8,775
Status: Closed
Type: Multi-Family
Source: NJMLS
MLS ID: 24026668
Added to Site: 596 day(s) ago

Interior

Number of Rooms: 12

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 7

Other Rooms

Laundry: None

Additional Information

Other Features: Other

Location

Area: Newark
County: ESSEX

Utilities

Utility Description: Other (See Remarks)

Structural Information

Architectural Style: 3 Family
Description/Design: Other

Financial Considerations

For Sale: Yes
For Sale/Rent/Lease: For Sale
Tax Amount: $8,775

Listed by EXP Realty, LLC (866) 201-6210, Michael Dente (866) 201-6210
Sold by Outside Office (999) 999-9999, Outside Agent

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Listing agent

— 472 S 15th St —

Michael Dente

EXP Realty, LLC

(866) 201-6210

(866) 201-6210

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NMLS#: 1598647

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Schools

Schools serving 472 S 15th St

School District:Newark City School District

Name	Grades	Distance
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	0.4 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	0.5 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	0.7 mi
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	1.4 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1.5 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	1.5 mi
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106	K-8	1.6 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	1.9 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 472 S 15th St

Date

Details

Price

Change

Source

4/24/2025

Sold

$530,000

-8.6%

MLS

9/17/2024

Price Reduced

$579,900

-3.19%

MLS

8/16/2024

Listed

$599,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Closed
Updated 8 days ago

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Beds
2
Total Baths

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Sold

$495,000

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Single Family
Closed

6
Beds

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Beds
3
Total Baths

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Multi-Family
Closed

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472 S 15th Street, Newark, NJ 07103 (MLS# 24026668) is a Multi-Family property that was sold at $530,000 on April 24, 2025. Want to learn more about 472 S 15th Street? 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.

472 S 15th St Newark, NJ 07103