Multi-Family, Commercial $ 675,000

874 S 16Th St

Newark City, NJ 07108

  • 7 Beds
  • 5 Baths
    Full Baths: 5
  • 4,100 SqFt
  • 3,049 Lot Size
  • 1906 Year Built
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.
Listed by REALTY OF AMERICA

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family, Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 4, 100 sqft

    Price per Sqft $164

    MLS Listing ID 4024822

    Style 3-Three Story

    Bedrooms 7

    Full Baths 5

    Year Built 1906

    Annual Tax Amount $12,240

    Tax Year 2025

    Lot Size 3,049 Sqft

  • Location

    State NJ

    County Essex

  • Rooms

    Basement Full

  • Building

    Sewer Public Sewer

    Water Public Water

    Architectural Style 3-Three Story

  • Interior

    Heating Gas-Natural

    Cooling See Remarks

    Heat Source Gas-Natural

  • Exterior

    Exterior Feature Vinyl Siding

    Utilities Available Gas-Natural

    Roof Type Asphalt Shingle

  • Others

    Senior Community No

SIMILAR HOMES FOR SALE

Check for similar Multi-Family, Commercials at price around $675,000 in Newark City,NJ

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message