13-15 May St
Newark City, NJ 07104
Price: $850,000
GSMLS: 4033681Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 10
Baths: 7 Full
Garage: 4-Car
Year Built: 1899
Acres: 0.12
Property Tax: $10,901
Description
Rare investment opportunity in North Newark offering offering an attractive 7%+ cap rate with strong upside potential. Fully occupied property featuring a unique side-by-side layout with two spacious 3 story units, each offering 5 bedrooms, multiple bathrooms, and large living areas. Additional income potential with 4 detached garage/storage units, a large finished basement with separate entrance, and a central laundry room. Property includes separate heating systems for each unit and a private driveway leading to a 4-car garage. Conveniently located near NYC transportation, major highways, schools, shopping, and public transit. Ideal for investors seeking stable cash flow with value-add potential.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
17
Basement:
Yes - Finished-Partially
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
n/a
Lot Desc:
n/a
Parking
Garage Capacity:
4-Car
Description:
Detached Garage
Parking:
Additional Parking, Blacktop, Driveway-Exclusive, Fencing, Off-Street Parking, On-Street Parking
Spaces Available:
10
Unit 1
Bedrooms:
5
Bathrooms:
3
Total Rooms:
8
Room Description:
Bedrooms
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dryer, Range/Oven - Gas
Utilities:
Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
5
Bathrooms:
4
Total Rooms:
8
Room Description:
Bedrooms
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Dryer, Range/Oven - Gas
Utilities:
Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
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:
n/a
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:
n/a
Utilities
Heating:
2 Units, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
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:
$850,000
Tax Amount:
$10,901
Land Assessment:
$36,500
Build. Assessment:
$236,100
Total Assessment:
$272,600
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4033681
List Date:
06-10-2026
Days On Market:
3
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Peter Boutros
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
