For Multi Family

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

December 30, 2025

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.

Property ID:PT-23966571-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 879,999 $

Bedrooms:8

Year Built:2007

Listing Details

Status: Active

Location

County: Essex

Lotsize: 50X100

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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Listing Details

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

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