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$699,000
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Property Description
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!
Full Property Details
Full Property Details for 489 15th Ave
General
- Price: $699,000
- Taxes: (2023)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 3937169
- Updated: 12/11/2024
- Added to Site: 401 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: Carbon Monoxide Detector, Smoke Detector
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 3
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Garage Description: None
Location
- County: Essex
- Driving Directions: GPS To South 15th
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: See Remarks
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
- Year Built: 1930
Unit Information
Unit 1
- Unit Description: See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
Unit 2
- Unit Description: Bedrooms, Living Room, See Remarks
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Living Room, See Remarks
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Unit Description: Kitchen, See Remarks
- Levels/Stories: 4
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.05
- Lot Dimensions: 22 x 100
- Driveway/Sidewalk: None
Financial Considerations
- Assessment Amount: $199,800
- Land Assmt: $25,200
- Tax Year: 2023
Disclosures and Reports
- Exclusions: Owner and Tenants Belongings
- Block: 289
- Lot Number: 1
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 489 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 |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.5 mi |
Quitman Street School 21 Quitman Street, Newark, NJ 07103 | K-8 | 1 mi |
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 1.1 mi |
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105 | K-8 | 1.8 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 1.8 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 2.1 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 2.6 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 489 15th Ave
Date
Details
Price
Change
Source
12/11/2024
Listed
$699,000
—
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 489 15th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,557
2%
$225,000
—
2023
$8,388
-6%
$225,000
—
2022
$8,880
—
$225,000
-5%
2021
$8,876
26%
$237,700
-14%
2021
$7,048
-31%
$275,200
—
2018
$10,163
4%
$275,200
—
2017
$9,797
3%
$275,200
—
2016
$9,467
4%
$275,200
—
2015
$9,106
-12%
$275,200
—
2019
$10,350
27%
$275,200
—
2013
$8,127
—
$275,200
—
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 489 15th Ave
489 15th Ave, Newark, NJ 07103 (MLS# 3937169) is a Multi-Family property with 4 units containing 6 bedrooms, 3 full bathrooms and 2 partial bathrooms. 489 15th Ave is currently listed for $699,000 and was received on December 11, 2024. Want to learn more about 489 15th Ave? 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.

