896-898 S 16Th Str Newark, NJ $ 879,999
896-898 S 16Th Str
$ 879,999
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896-898 S 16Th Str

Newark, NJ, 07108
$ 879,999
Bedrooms8 Baths5.0

Monthly Estimate*

$ 5,490

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Multi-Family Home for sale in Newark, NJ

for $879,999 with 8 bedrooms and 5 full baths. This home was built in 2007 on a lot size of 0.11.

Discover an exceptional investment opportunity with this expansive three-family residence, ideally situated on an oversized lot just steps from I-78, the Garden State Parkway, and key transit options. Boasting impressive square footage and a prime location near downtown Newark, this property is perfectly suited for both owner-occupants and seasoned investors seeking strong rental potential. Each of the three generously sized units features high ceilings, abundant natural light, and versatile floor plans that offer both comfort and character. The rare, extra-large lot provides valuable outdoor space ideal for private parking, gardening, or future enhancements making it a true asset in an urban setting. Located within walking distance to NJ Transit, major highways, parks, retail centers, and educational institutions, this home stands out as a premier multi-family. Don't miss this rare chance to own a high-performing property with endless upside in the heart of the city.

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Multi-Family Pending

Price

$ 879,999

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 10,401

Style

3-Three Story

Lot Size

0.11

Year Built

2007

Town/City

Newark

County/Region

Essex

MLS | Web ID

3979251

Features
General
Sewer Public Sewer
Heating 2 Units
Cooling Central Air
Utilities All Underground
Possession At Closing
Roof Asphalt Shingle
Garage Spaces 2
Architectural Style 3-Three Story
Year Built 2007
Garage Built-In Garage
Township Newark City
Tax Year 2024
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 13
Full Baths 5
Status Under Contract
Directions Please use google maps.
Open Parking Spaces 2
Number Of Units Total 2
Tax Annual Amount 10401
Drive 2 Car Width
Standard Status Under Contract
Tax Assessed Value 273500
Town # 1614
Tax Lot 62
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Exterior
Water Source Public Water
Exterior Description See Remarks
Lot Dimensions 50X100
Lot Size Acres 0.11
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Interior
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Unit 3 Baths Total 2.0
Unit 3 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 8
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* Excluded Features
List By
RICHARD OVEDHE

Listing Agent

Re/Max New Millennium Group

Broker

Affordability Calculator

$6,357
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,490
Monthly Property Taxes
$867
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/4/2025$879,999 Listed Price

Map


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896-898 S 16Th Str, Newark, NJ, 07108 is a Multi-Family Home for sale at $879,999 with a lot size of 0.11. 896-898 S 16Th Str has 8 bedrooms, 5.0 baths, and was built in 2007. The property's zip code is 07108 which is in Newark, NJ