Two-Family Duplex with Brick
804 South 15th Street, Newark, NJ 07108
For Sale
New
$875,000
Under construction with central air, hardwood floors, and a granite kitchen.
Property Size3,729 SF
Price / SF$234.65
Days on Market2
Property Features for 804 South 15th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Hardwood Floors
Central Air
Granit Kitchen
Gas-Natural
1
6
2
3
Carbon Monoxide Detector,Smoke Detector
Carbon Monoxide Detector,Dishwasher,Kitchen Exhaust Fan,Range/Oven - Gas,Smoke Detector
Carbon Monoxide Detector,Smoke Detector,Tile Floors,Walk-In Closet,Wood Floors
1.0
2.0
Rec Room,Utility Room
Bedrooms,Kitchen,Living/Dining Room
No
Level Lot
Public Water
25 X 100
0.05
Metal Fence,Sidewalk
3729
Brick,Vinyl Siding
Building Details
Building Size
Year Built
Construction
Listing Agency:
CORNERSTONE REALTY ASSOCIATES
(732) 853-1896
Listed By:
Steven Fendler
Source:
Orangekeyrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 2:39AM
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 CORNERSTONE REALTY ASSOCIATES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex is under construction, with completion identified for 2026. The design includes a brick facade, hardwood floors, central air, and a granite kitchen. The property is listed at 3,729 square feet, with a 25-by-100-foot lot and 0.05 acres.
The home is described as near West Side Park, the Garden State Parkway, and University Heights. Exterior details include a metal fence, sidewalk, and public water.
The home is described as near West Side Park, the Garden State Parkway, and University Heights. Exterior details include a metal fence, sidewalk, and public water.
Key Highlights
- Two‑family duplex under construction; year built listed as 2026
- Property size: 3,729 square feet
- Lot measures 25 x 100 feet, or 0.05 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,192
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,840
$1.3M
Cap Rate 7%
$902,743
$902.7K
Cap Rate 9%
$702,133
$702.1K
Market Conditions
NOI Build-Up for 3,729 SF
Gross rent
$94.9K $25.44/SF
− Vacancy
−$4.6K −$1.23/SF
EGI
$90.3K $24.21/SF
− OpEx
−$27.1K −$7.26/SF
NOI
$63.2K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,840
Cap Rate 7%
$902,743
Cap Rate 9%
$702,133
Alternative Uses
Best Use
Multifamily LT 5
$902.7K
$789.9K – $1.05M
NOI $63,192 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$824.1K
$721.1K – $961.5K
NOI $57,690 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,487 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 07108, NJ
28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Newark, NJ
Properties on Market for Duplexes in Newark
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Under construction with central air, hardwood floors, and a granite kitchen.
Where is this duplex located?
The property is located at 804 South 15th Street Newark, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑family duplex under construction; year built listed as 2026; Property size: 3,729 square feet; Lot measures 25 x 100 feet, or 0.05 acres
