Discover an exceptional investment opportunity with this expansive 2 unit residence with bonus space, 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.
896 S 16Th St, Newark City NJ 07108-1121
Property City
Newark City
Property Price
$799,999
Bedrooms
8
Year Built
2007
Tax Annual Amount
$10937
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.11
MLS Status
Active
MLS #
4024869
Yearly Tax Rate
3.999
Year Built (*numeric)
2007
Basement
No
Roofing (*text)
Asphalt Shingle
Days On Market
3
Basement (*text)
No
Cooling (*text)
Central Air
Heating
2 Units
Lot Size Dimensions
50X100
Data import from
GSMLS