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Updated Two-Family Duplex
New
For Sale
$675,000

586 15Th Ave, Newark, NJ 07103

MULTI_FAMILY - Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market3

Property Features for 586 15Th Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1
Directions So 17th Street to So 15th Avenue
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6462

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 2003
Floors in Building 2
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: RE/MAX FIRST REALTY II · RE/MAX International
Listed By: SUSELLE SALERMO · License #301161
Added: Aug 9 Changed: Aug 10 Last Checked: Aug 11 at 7:06AM
MLS# 4045829

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-family duplex contains two residential units, each arranged with living and dining space, a kitchen, and a full bathroom. The property is described as recently updated and is equipped with forced-air heating, a shingle roof, public water, and public sewer. Built in 2003, the home occupies a 0.06-acre lot.

The Newark property provides access to the Garden State Parkway, Routes 280 and 78, with Newark Penn Station and Newark Liberty International Airport within convenient reach. Rutgers New Jersey Medical School, University Hospital, public transportation, shopping, and dining are also nearby. The configuration supports residential use with separate unit layouts and shared access to the surrounding Newark amenities.

Key Highlights

  • Two‑family duplex with two residential units
  • Each unit includes living and dining areas, a kitchen, and a full bathroom
  • Recently updated property built in 2003

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Storage Facility Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,857
Businesses Nearby

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units offer separate living, dining, and kitchen areas with public water and sewer service.
Where is this duplex located?
The property is located at 586 15Th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑family duplex with two residential units; Each unit includes living and dining areas, a kitchen, and a full bathroom; Recently updated property built in 2003
More about this property
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