Listing Details

896 S 16Th Str,Newark City, NJ 07108-1121

  • December 30, 2025

Description

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.

Details

Last Updated On: December 30th, 2025 at 6:27 pm
Property ID:PT-23966571-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 879,999 $
Bedrooms:8
Year Built:2007

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 50X100
Lot Identifier: 62
Lot Identifier: 62

Home Details

Open Parking: 2
Basement: No
Renovated: 2025
Acreage: 0.11
Total Baths: 5.00
Unit Style: 3-Three Story
Number of Units: 2
Rooms: 13
Easement/Desc: No
Roof Description: Asphalt Shingle
Possesion: At Closing
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas
Unit 1 Levels: 1
Unit 1 Rooms: 3
Unit 1 Beds: 2
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Dining Room, Living Room
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas
Unit 2 Levels: 2
Unit 2 Rooms: 5
Unit 2 Beds: 3
Unit 2 Baths: 2.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Dining Room, Kitchen, Living Room
Garage Description: Built-In Garage
Number of Garage Spaces: 2
Block Identifier: 3011
County Number: 16
Town Number: 1614
YB/Desc: 2007 - Renovated
Easement: No
Parking/Driveway Description: 2 Car Width
Block Identifier: 3011
County Number: 16
Town Number: 1614
Possession: At Closing

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units
Cool System: Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground

Taxes, Fees & Assessments

Tax ID For Property: 1614-03011-0000-00062-0000-
Tax Amount: $10,401.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2024
Land Assessment: $14,400.00
Building Assessment: $259,100.00
Total Assessment: $273,500.00
FHA Age Restricted: No

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