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$885,000
7 Beds
4 Baths3 full baths + 1 half bath
--sqft
901-903 S 16Th St, Newark City, NJ 07108
$885,000
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Multi Family
Built in 2020
$-- HOA
3,484.8 sqft lot
--/sqft
Description
Five-year-old two-family home, property is zoned for three units. This modern multi-unit offers both immediate rental income and future potential. This property is ideal for investors or owner-occupants. Tax abatement in place through June 2026, providing reduced expenses and more substantial cash flow. Recent construction offers low-maintenance living and future expansion potential. Unit 1 is vacant and includes access to the ground level, with 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. Additional features include an oversized garage ...
Continue Reading- Houzeo last checked: 4 Hours ago
- Listing updated: November 21, 2025 at 9:15 am
- Listing Provided by: | REAL (855) 450-0442
- Source: Garden State MLS-NJ | MLS#: 3981716
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
2020
HOA Fees
-
Finished Area
- sqft
Lot Size
3,484.8 sqft lot
Basement Area
- sqft
MLS Name
Garden State MLS
MLS Number
3981716
MLS Status
Active
Days on Market
123
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