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    15 Highland Ave, Newark, NJ 07104

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    For Sale
    $590,000

    Well-maintained two-family home in Newark's desirable Seventh Avenue section.

    Property size:
    1,944 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $303/SF
    Added:
    Nov 17, 2025
    Days on Market:
    219
    Last Refresh:
    Jun 23 at 1:56 pm

    Property Features for 15 Highland Ave

    General Information

    Standard status
    Active
    Property type
    Duplexes, Multifamily properties, Residential income properties
    Size
    1,944 SF
    Lot size
    0.06 Acres

    Building Details

    Year Built
    1897

    We can help!

    Listing Contact
    Jazmine CLAUSEN-SOIR
    Jazmine CLAUSEN-SOIR

    Listing agent Jazmine

    Listing office

    Listing date Nov 17, 2025

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $49.7k $25.56
    − Vacancy −$2.4k −$1.24
    EGI $47.3k $24.32
    − OpEx −$14.2k −$7.30
    NOI $33.1k $17.03
    1,944 SF · lease $25.56/SF/yr · vacancy 4.84% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $472.8K
    $413.7K – $551.7K (±1% cap)
    NOI $33,099 @ 7.0% cap · market cap 5.61%
    Second Best
    Apartment 5plus
    $434.9K
    $380.5K – $507.3K (±1% cap)
    NOI $30,440 @ 7.0% cap · market cap 5.16%
    Theoretical Best
    Office A
    $614.9K
    $538.1K – $717.4K (±1% cap)
    NOI $43,044 @ 7.0% cap · market cap 7.30%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Food Market Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.17952
    Latitude
    40.75761

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home in Newark's desirable Seventh Avenue section.
    Where is this duplex located?
    The property is located at 15 Highland Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $590,000.
    (908) 316-8530
    We can help!
    Listing Contact
    Jazmine CLAUSEN-SOIR
    Jazmine CLAUSEN-SOIR
    Learn More
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