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$789,000 Just Listed
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Property Description
Prime mixed-use investment opportunity in Newark! This corner property features two residential units (1 three-bedroom and 1 two-bedroom) plus a commercial storefront, offering excellent income potential. Ideal for investors or owner-occupants looking to generate rental income. Located in a high-demand urban area with strong visibility and foot traffic. Close to major highways, public transportation, shopping, and local amenities. Property is being sold as-is. Buyer responsible for verifying all property details including zoning, square footage, and usage. Don't miss this opportunity to own a versatile income-producing property in a growing market.
Full Property Details
Full Property Details for 474 15th Ave
General
- Price: $789,000
- Taxes: $19,451 (2025)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4017204
- Updated: 3/27/2026
- Added to Site: 5 day(s) ago
Business
- Includes: Building & Land
Interior
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Restrooms: 4
Additional Information
- Equipment: Appliances, Kitchen Area, Restrooms - Public
Parking
- Parking: Off-Street Parking
Location
- County: Essex
- Driving Directions: I-280 to Orange St, left on S 15th St, right on 15th Ave " corner property.
- Location Details: Corner
Heating & Cooling
- Cooling Type: 2 Units, Window A/C(s)
- Heating Type: 2 Units, Radiant - Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground, Electric, Natural Gas, Cable TV, Garbage Included
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block, Composition Siding, Concrete, Wood
- Roof: Flat
- Ceiling Height: 9
- Stories in Building: 2
- Square Feet: 3,200
- Aprox. Leasable: 3,200 Sq. Ft.
- Previous Bldg. Use: residential/commerical
- Year Built: 1950
Unit Information
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
- Units w/Full Bath: 2
- Units w/Half Bath: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25X100
- Permitted Use: mixed use/ residential &commerical
- Zoning: mixed
Financial Considerations
- Price Per Sq. Ft.: $315
- Expenses: See Remarks
- Assessment Amount: $486,400
- Land Assmt: $30,000
- Tax Amount: $19,451
- Tax Year: 2025
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 1614-00281-0000-00044-0000-
- Block: 281
- Lot Number: 44
Listed by Twin Oaks Group Llc
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Schools
Schools serving 474 15th Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103 | PK-4 | 0.2 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.3 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.4 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.4 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.6 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.3 mi |
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103 | K-4 | 0.5 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.5 mi |
Fourteenth Avenue Elementary School 26 Speedway Avenue, Newark, NJ 07106 | K-4 | 0.8 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 474 15th Ave
Date
Details
Price
Change
Source
3/27/2026
Listed
$789,000
10420%
MLS
7/22/2017
Sold
$7,500
—
Public Record
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 474 15th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,498
2%
$486,400
—
2022
$18,172
—
$486,400
—
2021
$18,162
26%
$486,400
-14%
2021
$14,458
-31%
$567,000
—
2018
$20,939
-2%
$567,000
—
2019
$21,325
6%
$567,000
—
2017
$20,185
3%
$567,000
—
2016
$19,505
4%
$567,000
—
2015
$18,762
7%
$567,000
—
2014
$17,583
—
$567,000
—
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 474 15th Ave
474 15th Ave, Newark, NJ 07103 (MLS# 4017204) is a Commercial property. 474 15th Ave is currently listed for $789,000 and was received on March 27, 2026. Want to learn more about 474 15th Ave? Do you have questions about finding other Commercial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

