27
See all 27 photos
$889,000
Est. payment /mo
8 Beds
6 Baths
New
135-137 SOUTH 15TH ST Newark, NJ 07107
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Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250020273
Bedrooms 8
Full Baths 6
HOA Fees $3/mo
Annual Tax Amount $10,633
Tax Year 2025
Property Sub-Type 3 Family
Property 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 rate Ideal for investors seeking a turnkey property with built-in stability and long-term value.
Location
State NJ
County Essex
Area Newark
Rooms
Basement None
Interior
Heating A/C Central, Hot Air, Gas
Cooling A/C Central, Hot Air, Gas
Exterior
Exterior Feature Brick
Parking Features None
Listed by COLDWELL BANKER REALTY
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