519 16th Street Newark, NJ $ 354,900
519 16th Street
$ 354,900
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519 16th Street

Newark, NJ, 07103
$ 354,900
Bedrooms5 Baths3.0

Monthly Estimate*

$ 2,241

519 16th Street, Newark, NJ 07103 - Image 1

Multi-Family Home for sale in Newark, NJ

for $354,900 with 5 bedrooms and 3 full baths.

Timeless Two-Family Opportunity in Newark! Discover the potential of this classic turn-of-the-century two-family home located on South 16th Street in Newark. Offering two spacious units spread across three levels, this property presents an outstanding opportunity for investors, owner-occupants, or anyone seeking to create value through renovation and modernization. The first-floor unit features a comfortable living room, kitchen, two bedrooms, and a full bathroom. Occupying the second and third floors, the upper unit offers an expansive layout with a living room, kitchen, three bedrooms, and two full bathrooms, providing excellent space and flexibility. A full, unfinished common basement offers abundant storage and future possibilities. While the interior is ready for a new vision and thoughtful updates, the home's generous layout, classic character, and strong bones provide an excellent foundation for transformation. Street parking is readily available throughout the neighborhood. Conveniently located near public transportation, major highways, schools, parks, shopping, dining, and downtown Newark's growing business and cultural districts, this property offers easy access to everything today's residents need. Whether you're looking to renovate and occupy, generate rental income, or add to your investment portfolio, this property presents tremendous upside potential and an exciting opportunity to bring new life to a historic Newark home.

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Multi-Family Active

Price

$ 354,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,286

Style

2 Family

Town/City

Newark

County/Region

Essex

MLS | Web ID

26023637

Features
General
Utilities See Remarks
Garage Spaces 0.0
Architectural Style 2 Family
Rooms None
County ESSEX
Property Type 2-4 Family
HOA N
Total Rooms 10
Full Baths 3
Status Active - Active
City Newark
Disclosures Seller's Agent Seller Disclosure - Yes
Year Built Details 1900-1939 Build Prior to 1978
Tax Annual Amount 7286.0
MLS Area Minor 400
Lease Considered Y/N N
Standard Status Active
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Interior
Heating Y/N N
Half Baths 0
Laundry Features None
Total Bedrooms 5
Total Baths 3
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* Excluded Features

Affordability Calculator

$2,848
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,241
Monthly Property Taxes
$607
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/9/2026$354,900 Listed Price

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519 16th Street, Newark, NJ, 07103 is a Multi-Family Home for sale at $354,900. 519 16th Street has 5 bedrooms and 3.0 baths. The property's zip code is 07103 which is in Newark, NJ