472 S 16th St, Newark, NJ 07103

Local realty services provided by:ERA Reed Realty, Inc.
472 S 16th St,Newark City, NJ 07103
$650,000
  • 9 Beds
  • 5 Baths
  • 4,510 sq. ft.
  • Multi-family
  • Active
Listed by: marvin williams
Office: coldwell banker realty
MLS#:4011243
Source:NJ_GSMLS

Price summary

  • Price:$650,000
  • Price per sq. ft.:$144.12

About this home

3-Family Investment Property offering 9 bedrooms / 5 full baths. Renovated in 2019 with impeccable hardwood floors throughout. Separate utilities, including 3 individual HVAC systems. Semi-finished basement with separate entrance. All units have similar floor plans; However, units 2 and 3 come with primary bedrooms with en-suite / private baths. Kitchens are generously sized with expansive cabinetry and ample countertop space, featuring true eat-in layouts that accommodate dining areas. All five bathrooms include shower stalls and soaking tubs. Basement is standing height, full size, and offers substantial space with potential for additional use. The current rent roll is $5,400 per month; however, projected market rents support approximately $7,500 per month, equating to $90,000 annually. With annual taxes of approximately $6,026 the property offers strong income potential and significant upside for improved cash flow and return on investment. Proximity to NYC trains and buses.

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Home facts

  • Year built:1915
  • Listing ID #:4011243
  • Added:1 day(s) ago
  • Updated:February 25, 2026 at 05:18 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:4,510 sq. ft.

Heating and cooling

  • Heating:3 Units, Forced Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1915
  • Building area:4,510 sq. ft.
  • Lot area:0.06 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$650,000
  • Price per sq. ft.:$144.12
  • Tax amount:$6,026 (2025)
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided 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. Date Last Updated February 25, 2026

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