901-903 S 16th Street, Newark, NJ 07108
$885,000
Property Type:
Multi-Family
Bedrooms:
7
Baths:
4.1
Square Footage:
3,621
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$885,000
List Date:
8/17/2025
Last Modified:
12/25/2025
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.
More Information MLS# 22524939
Contract Info
List Price/SqFt: 244.41
New Construction: No
Status: Active
List Date: 2025-08-16
List Price: $885,000
Current Price: $885,000
Property Sub-Type: Three Family
Location
Area/Section: Newark
Elementary School: Ivy Hill
High School: West Side
Other High: Weequahic
House Number: 901-903
Dir.: S
Street Name: 16th
Street Suffix: Street
County: Essex
Municipality: Newark (NEW)
Postal City: Newark
State: NJ
Zip Code: 07108
Complex/Subdivision: None
Directions: GPS
General Property Info
# Units in Bldg: 2
Handicap Access: No
Waterfront: No
# Levels: 3
Waterview: No
Fireplace: No
Lot Dimensions: 35 x 100
Basement: No
Garage: Yes
# Acres: 0.08
# Car Garage: 2
# Parking Spaces: 4
Pool: No
Bedrooms: 7
Full Baths: 4
Half Baths: 1
Total Baths: 4.1
Apx SqFt: 3621
Apx Year Built: 2020
Tax and Legal
Asmnt - Total: 340500
Deed Restricted: No
Special Assessment: No
Taxes: 0
Tax Year: 2024
Remarks & Misc
Excluded: Personal belongings
Unit 1
Master Bedroom Dimensions: 16.6 x 11
Master Bedroom Level: 2
# Bedrooms: 4
Bedroom Dimensions: 10.6 x 10
Bedroom Level: 2
# Full Baths: 2
# Half Baths: 1
# Rooms: 7
Kitchen Dimensions: 7 x 9.10
Kitchen Level: 2
Living Room Level: 2
Other Room Desc: Living/Dining
Other Room Dimensions: 17 x 20
AC Unit: 1
Dishwasher: 1
Dryer Hookup: 1
Electric Meter: 1
Furnace: 1
Gas Meter: 1
Gas Stove: 1
Refrigerator: 1
Washer Hookup: 1
Water Heater: 1
Water Meter: 1
Unit 2
Master Bedroom Dimensions: 16.6 x 11
Master Bedroom Level: 3
# Bedrooms: 3
Bedroom Dimensions: 10.6 x 10
Bedroom Level: 3
# Full Baths: 2
# Rooms: 5
Kitchen Dimensions: 7 x 9.10
Kitchen Level: 3
Living Room Level: 3
Other Room Desc: Living/Dining
Other Room Dimensions: 17 x 20
Rent: 2600
Tenant Name: Private
AC Unit: 1
Dishwasher: 1
Dryer Hookup: 1
Electric Meter: 1
Furnace: 1
Gas Stove: 1
Refrigerator: 1
Washer Hookup: 1
Water Heater: 1
Water Meter: 1
Showing
Call Agent: 1
Showing Time: 1
Water/Sewer
Public Water: 1
Basement
Other: 1
Cooling
2 Zoned AC: 1
Central Air: 1
Water Heater
Natural Gas: 1
Heating
Forced Air: 1
Natural Gas: 1
Assessment Status
To Be Assessed: 1
Property Features
Unit 1: AC Unit; Dishwasher; Dryer Hookup; Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator; Washer Hookup; Water Heater; Water Meter
Unit 2: AC Unit; Dishwasher; Dryer Hookup; Electric Meter; Furnace; Gas Stove; Refrigerator; Washer Hookup; Water Heater; Water Meter
Basement: Other
Cooling: 2 Zoned AC; Central Air
Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Assessment Status: To Be Assessed
Showing: Call Agent; Showing Time
Listing Office:
Real Broker, LLC
Listing Agent:
Vivian D Kelly
Last Updated: December - 25 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.