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Listed price in listed location currency (USD).
$885,000

754

MLS® 22524939

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 109
Lot Size 0.08 acres
Approx. Age 2020
MLS® Number 22524939

Property Address: 901903 S 16th St, Newark, NJ, 07108-3849

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number22524939
Laundry Level
Central VacNo
FireplaceNo
Acreage0.08
Exterior
GarageYes
Approx. Age2020
BasementOther
Driveway
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 17, 2025List Date
$885,000List Price
  • Commute

Commute

Starting Address
Destination Address
901903 S 16 Th St, Newark, NJ

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