407 S 15th St Unit 409 Newark, NJ 07103
West Side NeighborhoodEstimated payment $3,819/month
About This Home
Incredible 2-Family Investment Opportunity in Newark! Discover your perfect property at 407 South 15th Street - a stunning two-family home that offers incredible potential and immediate income!Highlights: First Floor: Occupied tenant paying Rent Second Floor: Completely move-in ready Spacious basement with multiple potential uses Hardwood floors throughout entire Bulding Enclosed front porch adding charm and extra living space Massive driveway with parking for 4 vehiclesProperty Details:Turnkey investment opportunityImmediate rental incomeBeautifully maintainedPerfect for investors or owner-occupantsPrime Newark locationThis home isn't just a property - it's a smart financial opportunity! Whether you're looking to generate passive income or create your dream living space, this property checks all the boxes.Bonus Features: Flexible basement for additional living/storage/income potential Ample parking Move-in ready condition Solid rental incomePriced to sell! Don't miss this incredible Newark real estate gem. Schedule your showing today and turn your real estate dreams into reality!
Listing Agent
EREALTY ADVISORS, INC. Brokerage Phone: 929-214-2120 Listed on: 08/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,290
Year Built
- Built in 1930 | Remodeled
Lot Details
- 3,485 Sq Ft Lot
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Parking Spaces
- Shared Driveway
- Additional Parking
Utilities
- Forced Air Heating and Cooling System
- Standard Electricity
- Gas Water Heater
Additional Features
- Finished Basement
Community Details
- 4,368 Sq Ft Building
- Net Operating Income $14,500
Listing and Financial Details
- Assessor Parcel Number 1614-00319-0000-00035-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,166 | $165,400 | $32,500 | $132,900 |
| 2024 | $6,166 | $165,400 | $32,500 | $132,900 |
| 2022 | $6,179 | $165,400 | $32,500 | $132,900 |
| 2021 | $6,176 | $165,400 | $32,500 | $132,900 |
| 2020 | $6,285 | $165,400 | $32,500 | $132,900 |
| 2019 | $6,221 | $165,400 | $32,500 | $132,900 |
| 2018 | $6,108 | $165,400 | $32,500 | $132,900 |
| 2017 | $5,888 | $165,400 | $32,500 | $132,900 |
| 2016 | $5,690 | $165,400 | $32,500 | $132,900 |
| 2015 | $5,473 | $165,400 | $32,500 | $132,900 |
| 2014 | $5,129 | $165,400 | $32,500 | $132,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/17/2025 08/17/25 | For Sale | $619,000 | 0.0% | $142 / Sq Ft | |
| 08/14/2025 08/14/25 | Price Changed | $619,000 | +231.9% | $142 / Sq Ft | |
| 07/15/2019 07/15/19 | Sold | $186,500 | -6.3% | -- | View Prior Sale |
| 06/04/2019 06/04/19 | Pending | -- | -- | -- | |
| 05/15/2019 05/15/19 | For Sale | $199,000 | 0.0% | -- | |
| 02/04/2019 02/04/19 | Pending | -- | -- | -- | |
| 02/16/2018 02/16/18 | For Sale | $199,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Universal Title | |
| Deed | -- | Misc Company | |
| Deed | $310,000 | Cross Bridge Title | |
| Deed | $235,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Bargain Sale Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $256,500 | Purchase Money Mortgage | |
| Closed | -- | No Value Available |
Source: Garden State MLS
MLS Number: 3981346
APN: 14-00319-0000-00035
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