Mixed-Use Investment Opportunity in
474 15Th Ave Newark, NJ 07103
474 15Th Ave, Newark, NJ, 07103
$750,000
For Sale
$750,000
Mixed-use property with residential units and commercial storefront.
Property Size3,200 SF
Lot Size0.06 Acres
Price / SF$234.38
Days on Market114
Property Features for 474 15Th Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
TWIN OAKS GROUP LLC
(201) 305-0135
Listed by
TELEAH BUTLER
Source
Corcoran
Added: Mar 27 Checked: Jul 17 at 2:33 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TWIN OAKS GROUP LLC
Investment Insights
Based on property information with market context.
This mixed-use corner property in Newark presents an investment opportunity, featuring a commercial storefront and two residential units. The residential component includes one three-bedroom unit and one two-bedroom unit. The property is situated in a high-demand urban area characterized by strong visibility and foot traffic. Its location offers convenient access to major highways, public transportation, shopping, and local amenities. The property size is 3200 square feet. The property is being sold as-is. Buyers are responsible for verifying all property details including zoning, square footage, and usage. This property is suited for investors or owner-occupants seeking rental income generation.
Key Highlights
- Mixed‑use property with residential and commercial units offering excellent income potential.
- Prime corner location in a high‑demand urban area with strong visibility and foot traffic.
- Two residential units: one 3‑bedroom and one 2‑bedroom.
Local Financial Insights For Apartment 5plus
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 | $111.4k | $34.80 |
| − Vacancy | −$5.7k | −$1.77 |
| EGI | $105.7k | $33.03 |
| − OpEx | −$47.6k | −$14.86 |
| NOI | $58.1k | $18.16 |
3,200 SF · lease $34.80/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$830.3K
$726.6K – $968.7K
NOI $58,124 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$733.0K
$641.4K – $855.2K
NOI $51,311 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,118 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential units and commercial storefront.
Where is this mixed-use property located?
The property is located at 474 15Th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Mixed‑use property with residential and commercial units offering excellent income potential.; Prime corner location in a high‑demand urban area with strong visibility and foot traffic.; Two residential units: one 3‑bedroom and one 2‑bedroom.
