Properties

Description

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.

Features

  • Heating System : 2 Units
  • Cooling System : Central Air
  • Roof Deck : Asphalt Shingle
  • Parking : 2
  • Parking Description: 2 Car Width
  • Tax Assessed Valuation: 273500
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: All Underground

Additional Info

  • Office Name: RE/MAX NEW MILLENNIUM GROUP
  • Office MLS ID: 2102
  • Agent ID: 302546
  • Tax: 10401
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$879,999

896 S 16Th Str, Newark City, *

  • SQFT 50 Acre
  • Bedroom 8
  • Built Year 2007

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5376073
  • Price: $879,999
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 2007
  • Year Built Description: Renovated
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 4

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: S 16Th Str
  • Street Number: 896
  • Street Direction: Please use google maps.
  • Floor Number: 0
  • Longitude: W75° 47' 14.5''
  • Latitude: N40° 43' 27.7''
  • Internet Display Address: No
Property