Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    489 15Th Ave Newark, NJ 07103

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    Mixed-use property with residential and commercial spaces near transportation.

    Lot size:
    0.05 Acres

    Property Features for 489 15Th Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1930

    Source: COLDWELL BANKER REALTY Agent VICTORIA AFIA AGYEMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property Near Newark Penn

    This mixed-use property features two buildings offered as a single sale. The first building contains two three-bedroom apartments, each with one bathroom. A finished basement in this building includes an additional full bathroom. The first floor features a commercial unit with a half-bathroom, previously used as a beauty salon and barbershop. The second building, situated behind the first, is suitable for use as an event space and includes a kitchen. The property is located near Newark Penn Station, public transportation, and local shops.
    Insight Report Location Intelligence

    Current Use by Public Records

    2 Brothers Unisex ... Beauty Salon Roneys Barber Shop Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -74.2016535
    Latitude
    40.7372793

    Nearby Similar for Sale

    • $569,000
      2,080 SF

      Renovated Newark Two-Family Home

      Fully renovated, vacant two-family home in Newark with high rental potential.
      366 Badger Ave, Newark, NJ 07112
      View Details
    • $4,000,000
      9,999 SF

      Newark City Commercial Investment Opportunity

      Commercial building in established Newark neighborhood, ideal for medical practices.
      461-467 Mount Prospect Ave, Newark, NJ 07104
      View Details
    • New
      $599,000
      3,732 SF

      Renovated Newark Multi-Family Home

      Fully renovated, vacant 2-family home with high rental potential.
      440 Summer Ave, Newark, NJ 07104
      View Details
    • $599,900

      Newark Three-Family Home For Sale

      Spacious three-family home with income potential in Newark, NJ.
      99 Alexander St, Newark, NJ 07106
      View Details
    • $599,900
      2,100 SF

      Spacious Three-Family Home in Newark

      Three-unit property with strong rental income potential near schools.
      99 Alexander St, Newark, NJ 07106
      View Details
    • $3,770,000
      9,120 SF

      Newark Multifamily Investment Opportunity

      Newly rebuilt, gut-renovated 14-unit apartment building in North Newark.
      155 Clifton Ave, Newark, NJ 07104
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with residential and commercial spaces near transportation.
    Where is this mixed-use property located?
    The property is located at 489 15Th Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Mixed-use property featuring both residential and commercial units.; - Two buildings included: a residential/commercial building and a separate event space.; - First building highlights **two three-bedroom apartments.**
    (973) 378-8300
    Request Owner's contact information
    489 15Th Ave Newark, NJ 07103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    489 15Th Ave
    Newark, NJ 07103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    489 15Th Ave Newark, NJ 07103
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.