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901-903 S 16TH Street Newark, NJ $ 885,000
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$ 885,000 Get more info
901-903 S 16TH Street
$ 885,000
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Share Save

901-903 S 16TH Street

Newark, NJ, 07108
$ 885,000
Bedrooms7 Baths4.2 Sq 3,621

Monthly Estimate*

$ 5,521

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Multi-Family Home for sale in Newark, NJ

for $885,000 with 7 bedrooms and 4 full baths, 2 half baths. This 3,621 square foot home was built in 2020 on a lot size of 0.0803.

Built in 2020, this modern multi-unit offers both immediate rental income and future potential. Currently configured as a legal two-unit and zoned with permits approved for three-unit use, this property is ideal for investors or owner-occupants. Unit 1 is vacant and includes access to the basement, which has the potential to be converted into a third legal unit with construction plans included. Unit 2 is tenant-occupied, generating $2,600 per month, including $100 for driveway parking. One year of tax abatement remains, providing reduced expenses and more substantial cash flow. Additional features include an oversized garage with off-street parking, newer construction w/updated systems and modern finishes, and a prime Newark location near schools, shopping & public transportation to NYC.

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Multi-Family Active

Price

$ 885,000

Bedrooms

7

Full Bath

4

Half Bath

2

Property Type

Multi-Family

Taxes

$ 1

Style

2 Family

Lot Size

0.0803

Year Built

2020

Town/City

Newark

County/Region

Essex

MLS | Web ID

2604868R
Features
General
Living Area 3621
Sewer Public Sewer
Heating Forced Air
Cooling A/C Central - All A/C Multi-Zone Unit 1(A/C Central) Unit 2(A/C Central)
Utilities Electricity Connected Natural Gas Connected
Roof Asphalt
Appliances Water Heater(Gas) Water Heater Unit 1(Range/Oven Refrigerator) Unit 2(Range/Oven Refrigerator)
Garage Spaces 2
Gas Y/N Natural Gas
Patio/Porch Features Patio
Year Built 2020
Stories Count 3
Property Subtype 2 Family
Tax Year 2023
Ownership Fee Simple
County Essex
Property Type Residential Income
Attached Garage Yes
Garage Y/N Yes
Total Rooms 12
Full Baths 0
Close Price 0
Status Active
City Newark
Lot Size Square Feet 3498
Carport Spaces 0
Carport Y/N No
Tax Annual Amount 1
Ok to Lease Unit 2(Month-Month)
Virtual Tour https://www.propertypanorama.com/instaview/msx/2604868R
Living Area Units Square Feet
Standard Status Active
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Interior
Interior Amenities Unit 1(Dining Room 4 Bedrooms Kitchen Laundry Hookup 1 1/2 Baths 2+ Baths Den/Family Room) Unit 2(Dining Room 3 Bedrooms Kitchen Laundry Hookup 1 1/2 Baths 2+ Baths Den/Family Room)
Total Stories 3
Heating Y/N Yes
Window Features Screen/Storm Window
Half Baths 0
Total Bedrooms 0
Total Baths 4
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Exterior
Exterior Amenities Patio Screen/Storm Window Yard
Parking Features Garage Built-In Garage 3-4 Car Parking
Lot Features Near Shopping Near Public Transit
Water Source Public
Lot Size Area 0.0803
Building Area Total 3621
Lot Dimensions 100.00 x 35.00
Lot Size Acres 0.0803
Covered Spaces 2
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 3
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* Excluded Features
List By
VIVIAN D. KELLY

Listing Agent

Real

Broker

vivian@viviansellsnj.com

Email

Affordability Calculator

$5,521
Per Month
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Monthly Principal & Interest
$5,521
Monthly Property Taxes
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Monthly Home Insurance
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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
392003 Elementary School
392100 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/21/2025$885,000 -1.12% Price Down
9/24/2025$895,000 Listed Price

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901-903 S 16TH Street, Newark, NJ, 07108 is a Multi-Family Home for sale at $885,000 with 3,621 sqft and a lot size of 0.0803. 901-903 S 16TH Street has 7 bedrooms, 4.2 baths, and was built in 2020. The property's zip code is 07108 which is in Newark, NJ

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