874 S 16Th St, Newark City, NJ 07108
Essex County
Key Facts
Description
Welcome to this fully renovated, income-producing three-family home located at 874-876 S 16th St. This expansive property offers the perfect combination of modern upgrades, functional layouts, and strong investment potential.The first-floor unit features a well-designed 3-bedroom, 1-bath layout with updated finishes and a seamless flow between living and dining areas. The second-floor unit offers a spacious 3-bedroom, 2-bath configuration, highlighted by a primary suite with a private en-suite bathroom and walk-in closet ideal for owner-occupants or premium rental income. The third-floor unit includes a 1-bedroom, 1-bath apartment, currently rented at $1,800/month on a month-to-month basis, providing immediate income with flexibility.The property also includes a private driveway with ample parking in the rear, a highly desirable feature in Newark.Conveniently located near major transportation routes such as the Garden State Parkway, Interstate 280, and the New Jersey Turnpike, as well as public transit through NJ Transit, this property offers excellent accessibility. Nearby West Side Park provides convenient access to outdoor recreation.An exceptional opportunity for both investors and owner-occupants seeking a turnkey, high-performing asset in a prime location.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story
Year Built
1906
Stories
3
Living Area
4,100 sq ft
Lot Size
0.07 acres
Days on Market
1
MLS® Listing#
4024822
Property Features
Heating
Basement
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$12,240
Tax year 2025
Assessed Value
$306,100
Parcel Number
1614-03011-0000-00074-0000-
Directions
Springfield Ave to South 16th St
Affordability Calculator
$135,000
Estimated monthly payment
$3,593/mo
Principal $540,000 · Est. interest $753,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $616,435
- Median Listing Price
- 49
- Median Days on Market
- 1,383
- Median Sq Ft
- $423
- Median Price / Sq Ft
- 3,208
- Active Listings
- This home’s price is 10% above the area median.
- Its price per sq ft is 61% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 874 S 16Th St, Newark City, NJ 07108
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Madison Elementary School
Elementary · 0.1 mi away
Great Oaks Legacy Charter School
School · 0.1 mi away
University High School
Secondary School · 0.3 mi away
Thurgood Marshall School
Elementary · 0.3 mi away
North Star Academy Clinton Hill Middle School
Elementary · 0.4 mi away
Hawthorne Avenue School
Elementary · 0.4 mi away
The Leaguers
School · 0.5 mi away
North Star Academy West Side Park Elementary School
Elementary · 0.6 mi away
Berkeley Terrace Elementary School
Elementary · 0.6 mi away
Avon Avenue School
Elementary · 0.6 mi away
South 17th Street School
Elementary · 0.7 mi away
Grove Street Elementary School
Elementary · 0.8 mi away
Prep School for Babies and Children
School · 0.8 mi away
Belmont Runyon Elementary School
Elementary · 0.8 mi away
Burch Charter School of Excellence
Elementary · 0.8 mi away
Harriet Tubman Elementary School
Elementary · 0.8 mi away
Harriet Tubman Pto Aftercare
Elementary · 0.8 mi away
University Elementary School
Primary School · 0.9 mi away
University Middle School
Secondary School · 0.9 mi away
Harold Wilson School
School · 0.9 mi away
Commute Calculator
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: REALTY OF AMERICA - 8332564244