$530,000
SOLD APR 24, 2025
7 Beds
3 Baths
-- Sq Ft
2,662 Sq Ft Lot

Recently Sold

12% Below List Price

42 Days on Market

About This Home

As of April 2025

Turnkey 3-Family Property in Newark This prime investment opportunity features two vacant units ready for new tenants and one unit requiring light cosmetic work. The property includes spacious three-bedroom, one-bath units on the first and second floors, along with a cozy one-bedroom, one-bath unit on the third floor. Recent updates include kitchen and bathroom renovations in 2019, as well as a new furnace. With a projected net operating income of $77,256 and a cap rate exceeding 10%, this property offers exceptional cash flow potential.

Last Agent to Sell the Property

Michael Dente

EXP Realty, LLC Listed on: 08/16/2024

EXP Realty, LLC

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,775

Lot Details

  • 2,662 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00031 / 00329

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,775

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 866-201-6210
  • MLS Status: Sold - Sold
  • Directions: South Orange Avenue to 15th Ave L on S 15th Street
  • Architectural Style: 3 Family
  • Year Built Details: 1940's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Remarks: Yes

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 2662.0

Tax Info

  • Tax Annual Amount: 8775.0
  • Tax Block: 00329
  • Tax Lot: 00031

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Apr 16, 2025
Sold by
Francis Jasmine L
Bought by
472 S 15Th St Llc
Seller's Agent
Michael Dente
EXP Realty, LLC
Buyer's Agent
Outside Agent
Outside Office
List Price
$599,000
Sold Price
$530,000
Premium/Discount to List
-$69,000
-11.52%
Views
277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.43%
Original Mortgage
$610,000
Outstanding Balance
$477,054
Interest Rate
6.65%
Mortgage Type
Construction
Estimated Equity
$97,591

Purchase Details

Closed on
Oct 26, 2023
Sold by
472 Nj Llc
Bought by
Francis Jasmine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$601,914
Interest Rate
7.19%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 2020
Sold by
472 South 15Th Investment Llc
Bought by
Ani 472 Nj Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2019
Sold by
472 South Fitheenth Llc
Bought by
472 South 15Th Invests

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.35%

Purchase Details

Closed on
Aug 29, 2013
Sold by
472 S 15Th St Llc
Bought by
472 South Fifteenth

Purchase Details

Closed on
Jun 28, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
472 S 15Th St Limited Liability Company

Purchase Details

Closed on
Oct 18, 2010
Sold by
Rutledge Kareem L
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 5, 2008
Sold by
Rutledge Kareem
Bought by
Moore Reginald

Purchase Details

Closed on
Dec 11, 2006
Sold by
Vasishta Jeffrey
Bought by
Rutledge Kareem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,800
Interest Rate
7.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 21, 2004
Sold by
New Life Investments Inc
Bought by
Sinanan Marsha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,777
Interest Rate
6.28%

Purchase Details

Closed on
Mar 1, 2002
Sold by
Keenan Brian
Bought by
New Life Investments Inc

Purchase Details

Closed on
Sep 13, 1989
Sold by
Fidalfo Alexander
Bought by
Keenan Brian D and Keenan Anne M

Purchase Details

Closed on
Oct 20, 1988
Sold by
Moses Mary
Bought by
Fidalgo Alexander
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $530,000 Nu World Title
Deed $625,000 Champion Title
Deed $260,000 Dekel Abstract Llc
Deed $155,000 First American Title
Deed $65,000 --
Special Warranty Deed $27,199 None Available
Sheriffs Deed -- Chicago Title Insurance Co
Deed $305,000 Chicago Title Insurance Co
Deed $381,000 --
Deed $230,625 --
Deed $45,000 --
Deed $84,000 --
Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $610,000 Construction
Previous Owner $601,914 FHA
Previous Owner $390,000 New Conventional
Previous Owner $270,000 Commercial
Previous Owner $255,000 No Value Available
Previous Owner $304,800 Adjustable Rate Mortgage/ARM
Previous Owner $304,000 Adjustable Rate Mortgage/ARM
Previous Owner $221,777 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Rent $2,200 0.0% --
04/24/2025 04/24/25 Sold $530,000 -8.6% --
09/27/2024 09/27/24 Pending -- -- --
09/17/2024 09/17/24 Price Changed $579,900 -3.2% --
08/16/2024 08/16/24 For Sale $599,000 +2118.5% --
11/30/2012 11/30/12 Sold $27,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $8,776 $235,400 $31,500 $203,900
2022 $8,795 $235,400 $31,500 $203,900
2021 $8,790 $235,400 $31,500 $203,900
2020 $6,931 $182,400 $31,500 $150,900
2019 $6,860 $182,400 $31,500 $150,900
2018 $6,736 $182,400 $31,500 $150,900
2017 $3,133 $88,000 $31,500 $56,500
2016 $3,027 $88,000 $31,500 $56,500
2015 $2,912 $88,000 $31,500 $56,500
2014 $2,729 $88,000 $31,500 $56,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24026668

New Jersey MLS

APN: 14-00329-0000-00031