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    407-409 15Th St Newark, NJ 07103

    For Sale
    $599,000

    2 Family - Newark, NJ

    Days on Market:
    19
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 407-409 15Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2

    Building Details

    Architectural style
    Other

    eRealty Advisors, Inc (917) 548-3770 [email protected]

    Listing agent Zalman Pavel (201) 932-2005

    Listing date Nov 18, 2025

    MLS# 25037537 Listing URL

    Copyright © 2025 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Two-Family Investment Opportunity

    This two-family home, located in Newark, presents an investment opportunity with potential for immediate income. The first floor is currently occupied by a tenant paying rent. The second floor is move-in ready. The property features a spacious basement that offers multiple potential uses. Hardwood floors are present throughout the entire building. An enclosed front porch adds charm and extra living space. A large driveway provides parking for 4 vehicles. This property is suitable for investors or owner-occupants. The flexible basement can be used for additional living, storage, or income potential. The property is priced to sell.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2053388
    Latitude
    40.7412325

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    FAQs

    What type of property is this?
    Duplex - Two-family home in Newark with immediate rental income potential.
    Where is this duplex located?
    The property is located at 407-409 15Th St Newark, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Turnkey 2-family property providing immediate rental income.; - Move-in ready condition, ideal for owner-occupants or renters.; - Spacious basement with potential for additional living space or income generation.
    (201) 932-2005
    Request Owner's contact information
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    Newark, NJ 07103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407-409 15Th St Newark, NJ 07103
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