901-903 S 16th St, Newark City, NJ 07108

Local realty services provided by:ERA Statewide Realty
#1#2#3
901-903 S 16th St,Newark City, NJ 07108
$895,000
  • - Beds
  • 3 Baths
  • 2,020 sq. ft.
  • Multi-family
  • Active
Listed by:vivian d. kelly
Office:real
MLS#:3981716
Source:NJ_GSMLS

Price summary

  • Price:$895,000
  • Price per sq. ft.:$443.07

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 with updated systems and modern finishes, and a prime Newark location near schools, shopping, major highways, and public transportation to New York City. This is a rare opportunity to purchase a low-maintenance property with existing rental income and significant upside for long-term value and appreciation.

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Home facts

  • Year built:2020
  • Listing Id #:3981716
  • Added:2 day(s) ago
  • Updated:August 17, 2025 at 12:05 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Half bathrooms:1
  • Living area:2,020 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:2 Units, Forced Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:2020
  • Building area:2,020 sq. ft.
  • Lot area:0.08 Acres

Schools

  • High school:TECHNOLOGY
  • Middle school:HAWTHORNE
  • Elementary school:HAWTHORNE

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$443.07
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. 2025 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 August 17, 2025

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