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901-903 S 16th Street
Newark NJ 07108 US

$895,000

Active Listing ID 22524939
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7 bed
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5.00 Bath (4 Full , 1 Half)
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Lot: 0.08 Acres
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Other

$895,000

Active Listing ID 22524939
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901-903 S 16th Street 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.

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Property Features

  • Facts
  • Lot Size: 0.08 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • 1/2 Bathrooms: 1
  • Cooling System: Central Air, Zoned
  • Heating Fuels: Forced Air

School Information

  • School
  • Ivy Hill(Elementary)
  • West Side(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 895000
  • unparsedaddress: 901-903 S 16th Street
  • postalcity: Newark
  • stateorprovince: NJ
  • country: US
  • postalcode: 07108
  • bathroomsfull: 4
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.08
  • lotsizeunits: Acres
  • lotsizearea: 0.08
  • livingarea: 3621
  • livingareaunits: Square Feet
  • latitude: 40.724269
  • longitude: -74.212979
  • listagentfullname: Vivian D Kelly
  • listagentemail: vivian@viviansellsnj.com
  • listagentkey: 3yd-MOMLSNJ-47890
  • listagentmlsid: 47890
  • listagentpreferredphone: 8554500442
  • listagentofficephone: 8554500442
  • listofficekey: 3yd-MOMLSNJ-3448
  • listofficemlsid: 3448
  • disclaimer: Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MOMLSNJ
  • yearbuilt: 2020
  • listingcontractdate: 2025-08-16
  • listagentfax: 7135613650
  • listagenturl: https://www.onereal.com/vivian-kelly
  • countyorparish: Essex
  • parcelnumber: 14-03012-0000-00037
  • elementaryschool: Ivy Hill
  • highschool: West Side
  • cooling: Central Air, Zoned
  • heating: Forced Air
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 4
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 2, Basement, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 6
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.21298, 40.72427
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Real Broker, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"vivian@viviansellsnj.com", "ListBrokerageCity":"HADDON TOWNSHIP", "ListBrokerageCountry":"US", "ListBrokerageEmail":"njbroker@therealbrokerage.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Real Broker, LLC", "ListBrokeragePhone":"(855) 450-0442", "ListBrokeragePostalCode":"08108", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"320 HADDON AVE", "ListBrokerageWebsiteUrl":"https://www.onereal.com", "ListOfficeAddress1":"165 Passaic Ave. Ste 205 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"3448", "ListOfficeCity":"Fairfield", "ListOfficeCountry":"USA", "ListOfficeEmail":"membership@onereal.com", "ListOfficePostalCode":"07004", "ListOfficeStateOrProvince":"NJ", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Newark, NJ", "ListingURL":null, "MLSModificationTimestamp":"2025-08-24 07:03:17", "Neighborhoods":[{"Description":null, "Name":"Newark"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":null, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/30/2025 5:06:13 PM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

Courtesy of: Vivian D Kelly, Real Broker, LLC, vivian@viviansellsnj.com

Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.