135-137 S 15th St
Newark City, NJ 07107
Price: $889,000
GSMLS: 3990126Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 8
Baths: 6 Full
Garage: No
Year Built: 2006
Acres: 0.08
Property Tax: $10,633
Description
Investor's Opportunity In Newark's Fairmount Neighborhood!fully Occupied Three-family Property Delivering Steady Income With Great Long-term Tenants Already In Place. Located In The Fairmount Section Of Newark, This Rent-controlled Asset Offers Both Stability And Upside For Investors. With A 5.7% Cap Rate, It's A Solid Addition To Any Portfolio Seeking Reliable Cash Flow In One Of Newark's Most Promising Neighborhoods.* Three-family Property In Fairmount, Newark* Fully Occupied With Dependable, Long-term Tenants* Rent-controlled " Offering Security And Consistency* Strong Investment Return With A 4.9% Cap Rateideal For Investors Seeking A Turnkey Property With Built-in Stability And Long-term Value.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
24
Basement:
No
Interior:
n/a
Roof:
Asphalt Shingle, See Remarks
Exterior:
Brick, Vinyl Siding
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
See Remarks
Parking:
2 Car Width, See Remarks
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Master Bedroom, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
8
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
2
Total Rooms:
8
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, See Remarks
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
No
Utilities
Heating:
Forced Hot Air, See Remarks
Heating Fuel:
Coal
Cooling:
Central Air, See Remarks
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$889,000
Tax Amount:
$10,633
Land Assessment:
$21,500
Build. Assessment:
$258,100
Total Assessment:
$279,600
Tax Rate:
3.80
Tax Year:
2025
Listing Information
MLS ID:
3990126
List Date:
10-01-2025
Days On Market:
0
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: TheForgesDenville.com
