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-901-903 S 16th Street, Newark, NJ 07108

Local realty services provided by:CENTURY 21 Action Plus Realty
-901-903 S 16th Street,Newark, NJ 07108
$885,000
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  • - Beds
  • 4 Baths
  • 3,621 sq. ft.
  • Multi-family
  • Active
Listed by: vivian d. kelly
Office: real
MLS#:2604868R
Source:NJ_MCMLS

Price summary

  • Price:$885,000
  • Price per sq. ft.:$244.41

About this home

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.

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Home facts

  • Year built:2020
  • Listing ID #:2604868R
  • Added:93 day(s) ago
  • Updated:January 01, 2026 at 04:13 PM

Rooms and interior

  • Total bathrooms:4
  • Living area:3,621 sq. ft.

Heating and cooling

  • Cooling:A/C Central - All, A/C Multi-Zone
  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:2020
  • Building area:3,621 sq. ft.
  • Lot area:0.08 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$885,000
  • Price per sq. ft.:$244.41
  • Tax amount:$1
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