NJ > Newark
Newark, NJ 07108,901903 S 16th Street
Newark, NJ 07108,901903 S 16th Street
Newark, NJ 07108,901903 S 16th Street
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Steven Pagan

Steven Pagan

+1(609) 631-5668
$895,000
Est. payment /mo
7 Beds
5 Baths
3,621 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Three Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,621 sqft

Price per Sqft $247

Municipality Newark (NEW)

MLS Listing ID 22524939

Bedrooms 7

Full Baths 4

Half Baths 1

Year Built 2020

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 35 x 100

Property Sub-Type Three Family

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

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.

Location

State NJ

County Essex

Area Newark

Direction GPS

Rooms

Basement Other

Interior

Heating Forced Air

Cooling Central Air, 2 Zoned AC

Exterior

Garage Spaces 2.0

Private Pool No

Building

Water Public

New Construction No

Schools

Elementary Schools Ivy Hill

High Schools West Side

Others

Senior Community No

Tax ID 14-03012-0000-00037

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Monmouth Ocean MLS (MOMLS)
Listed by Real Broker, LLC
agent-avatar

Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and  homebuyers in finding their perfect piece of paradise in New Jersey. 

+1(609) 631-5668

steven.pagan@thepagangroup.com

90 Tanner St, Haddonfield, NJ, 08033-2419, USA

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