$10,000

closing credit¹

415 Central Ave Newark, NJ 07107

$1,489,000
8 beds
4 full, 2 partial
Multi-Family

Property details

About 415 Central Ave

This mixed used previous lounge property offers unparalleled convenience, situated just minutes from the University District, Rutgers University, NJIT, and a renowned hospital. Meticulously maintained by the owner, the building features two beautifully renovated apartments, each offering 4 bedrooms, 2 full bathrooms, central air conditioning, and hot forced air for modern comfort. The former lounge boasts approximately 3,000 sqft!!!! of versatile commercial space, complete with two bar areas. It's a blank canvas ready to be customized for the next lucky entrepreneur or transformed into a thriving new business venture. Don't miss out on this incredible opportunity in a highly sought-after location!

Highlights

Home typeMulti Family
StatusActive
MLS #24039001

Summary

  • MLS Number: 24039001
  • Office Name: Lifestyle International Realty
  • Office Phone: (201) 559-5770
  • Listing Agent: Oscar Nunez-Paz

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 7:21:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,489,000

415 Central Ave

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Apr 24, 2013
Home Sold
$135,000

Tax history

YearAssessmentProperty Tax
2020$368,600$9,464
2019$368,600$13,612
2018$368,600$13,122
2017$368,600$13,122

History based on county public records data.

Nearby schools

3

Roseville Community Charter School

Public Charter KG-4

0.5 mi

540 Orange St

5

Sir Isaac Newton Elementary School

Public District PK-1

0.7 mi

150 Newton St

4

Franklin Elementary School

Public District PK-4

0.9 mi

42 Park Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $29,839. Most Newark, NJ residents have annual incomes less than $<35k. Residents typically live in single, with kids family. Most residents in this area have high school diploma education.

How much money do the neighbors make?

55%
<35k
40%
35k-100k
4%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

42%
Single, No Kids
46%
Single, with Kids
4%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
15%
12-17 yrs old
26%
18-34 yrs old
32%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Ross Dress For LessRoss Dress For Less
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Jack In The BoxJack In The Box
  • White CastleWhite Castle
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • NissanNissan
  • KiaKia
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 415 Central Ave in Newark, NJ and zip code 07107 in the West Ward neighborhood. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $1,489,000.

In December 2024, from all listings sold in Newark, NJ there were more than 17 sold above asking price, over 8 sold below and more than 6 were sold right at the asked price. The inventory of homes for sale in Newark, NJ between November and December 2024 increased by 10.8%. In December 2024 median list price was $440,000 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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