Active

$850,000

13-15 May St, Newark City, NJ 07104

10beds

3,420sqft

$6,113/mo

Get pre-qualified

Multi Family

Built in 1899

-- sqft lot

$-- Zestimate^®

$249/sqft

$-- HOA

What's special

Multiple bathroomsCentral laundry room

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.

117 days
995
89

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 7
Full bathrooms: 7

Heating

2 Units, Radiators - Steam, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Dryer, Range/Oven - Gas

Features

Bedrooms
Basement: Yes,Partially Finished
Number of fireplaces: 1

Interior area

Total structure area: 3,420
Total interior livable area: 3,420 sqft

Property

Parking

Total spaces: 10
Parking features: Additional Parking, Asphalt, Driveway-Exclusive, Enclosed, Off Street, On Street, Detached Garage
Garage spaces: 4
Uncovered spaces: 10

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 5,227 Square Feet
Dimensions: 5240 SF

Details

Parcel number: 1614006210000000260000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1899

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector

Location

Region: Newark

Financial & listing details

Price per square foot: $249/sqft
Tax assessed value: $272,600
Annual tax amount: $10,901
Date on market: 6/10/2026
Total actual rent: 6323
Tenant pays: Gas, Tenant Pays Heat, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/10/2026	Listed for sale	$850,000-5.3%$249/sqft
Source: GSMLS #4033681 Report a problem
6/1/2026	Listing removed	$898,000$263/sqft
Source: GSMLS #4018225 Report a problem
4/24/2026	Price change	$898,000-2.3%$263/sqft
Source: GSMLS #4018225 Report a problem
4/2/2026	Listed for sale	$918,888+129.7%$269/sqft
Source: GSMLS #4018225 Report a problem
10/13/2017	Sold	$400,000$117/sqft
Source: GSMLS #3410678 Report a problem
8/15/2017	Listed for sale	$400,000+50.9%$117/sqft
Source: Exit Golden Realty Group, LLC #1733173 Report a problem
8/2/2002	Sold	$265,000+783.3%$77/sqft
Source: Public Record Report a problem
2/25/1999	Sold	$30,000$9/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,901 +5.2%	$272,600
2024	$10,367 +0.1%	$272,600
2023	$10,359	$272,600
2022	$10,359	$272,600
2021	$10,359 +1%	$272,600
2020	$10,252 +72.6%	$272,600
2019	$5,941	$272,600 +25.4%
2018	$5,941 -20.6%	$217,400
2017	$7,479 +4%	$217,400
2016	$7,194 +6.7%	$217,400
2015	$6,742 +5%	$217,400
2014	$6,420 -27.6%	$217,400
2013	$8,865 +3.7%	$217,400 -15.3%
2012	$8,546 +4.7%	$256,800
2011	$8,166 +16.1%	$256,800
2010	$7,034 +5.4%	$256,800
2009	$6,674 +4.4%	$256,800
2008	$6,394	$256,800
2007	$6,394	$256,800
2006	--	$256,800
2005	--	$256,800
2004	$5,547	$256,800
2003	--	$256,800 +3466.7%
2002	--	$7,200
2001	--	$7,200