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$680,000 Just Listed
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Property Description
Welcome to this recently updated two-family home featuring 5 bedrooms and 2 bathrooms?an exceptional opportunity for both owner-occupants and savvy investors. Ideally situated on the corner of 15th Avenue and South 16th Street in Newark, this property offers outstanding convenience with easy access to the Garden State Parkway, Routes 280 and 78, Newark Penn Station just 10 minutes away, and Newark Liberty International Airport approximately 12 minutes away. Located near Rutgers New Jersey Medical School and University Hospital, with convenient access to public transportation, this home is perfectly positioned for commuters and those seeking everyday accessibility. Inside, you?ll find updated kitchens, new flooring on the first floor, and generously sized living spaces designed for comfortable daily living and effortless entertaining.
Full Property Details
Full Property Details for 586 15th Ave
General
- Price: $680,000
- Taxes: $6,462 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4032746
- Updated: 6/8/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 9
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Location
- County: Essex
- Driving Directions: So 17th Street to So 15th Avenue
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 2 Units, Forced Hot Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Brick, Vinyl Siding
- Roof: Asphalt Shingles
- Year Built: 2003
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living/Dining Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Master Bedroom
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: 2 Car Width
Financial Considerations
- Assessment Amount: $131,000
- Land Assmt: $30,600
- Tax Amount: $6,462
- Tax Year: 2025
Disclosures and Reports
- Block: 328
- Lot Number: 29
Listed by Lara Realty Corp
Get Pre-Approved Today
Schools
Schools serving 586 15th Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103 | K-4 | 0.3 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.5 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.6 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.3 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.9 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.5 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 0.7 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.8 mi |
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 1.5 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 586 15th Ave
Date
Details
Price
Change
Source
6/06/2026
Listed
$680,000
6.92%
MLS
2/06/2025
Sold
$636,000
—
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 586 15th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,146
2%
$161,600
—
2023
$6,024
—
$161,600
—
2022
$6,037
—
$161,600
—
2021
$6,034
33%
$161,600
—
2021
$4,549
-24%
$161,600
—
2018
$5,968
-2%
$161,600
—
2019
$6,078
6%
$161,600
—
2017
$5,753
3%
$161,600
—
2016
$5,559
4%
$161,600
—
2015
$5,347
12%
$161,600
—
2013
$4,772
—
$161,600
—
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 586 15th Ave
586 15th Ave, Newark, NJ 07103 (MLS# 4032746) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 586 15th Ave is currently listed for $680,000 and was received on June 06, 2026. Want to learn more about 586 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.

