Property
Newark, NJ 07108 901-903 S 16TH Street
$895,000
26 more
Presented By: REAL
Beds • 7- Full/Half Baths • 4 / 2
- SQFT • 3,621
- Garage • 2
Beds • 7
Full/Half Baths • 4 / 2
SQFT • 3,621
Garage • 2Home Details
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.
Presented By: REAL
Interior Features for 901-903 S 16TH Street
Bedrooms
Total Bedrooms
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Heating Y/NYes
Interior AmenitiesUnit 1(Dining Room, 4 Bedrooms, Kitchen, Laundry Hookup, 1 1/2 Baths, 2+ Baths, Den/Family Room), Unit 2(Dining Room, 3 Bedrooms, Kitchen, Laundry Hookup, 1 1/2 Baths, 2+ Baths, Den/Family Room)
Total Stories3
Window FeaturesScreen/Storm Window
General for 901-903 S 16TH Street
AppliancesWater Heater(Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Attached Garage Yes
Carport Spaces
Carport Y/NNo
CityNewark
Close Price
CoolingA/C Central - All, A/C Multi-Zone, Unit 1(A/C Central), Unit 2(A/C Central)
CountyEssex
Full Baths
Garage Spaces2
Garage Y/NYes
Gas Y/NNatural Gas
HeatingForced Air
Living Area3621
Living Area UnitsSquare Feet
Lot Size Square Feet3498
ModificationTimestamp2025-09-24T20:04:33.000Z
Ok to LeaseUnit 2(Month-Month)
OwnerPaysUnit 1 Owner Pays(Electric, Water, Gas), Unit 2 Owner Pays(Electric, Water, Gas)
OwnershipFee Simple
Patio/Porch FeaturesPatio
Property Subtype2 Family
Property TypeResidential Income
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount1
Tax Year2023
Total Rooms12
UtilitiesElectricity Connected, Natural Gas Connected
Year Built2020
Exterior for 901-903 S 16TH Street
Building Area Total3621
Covered Spaces2
Exterior AmenitiesPatio, Screen/Storm Window, Yard
Lot Dimensions100.00 x 35.00
Lot FeaturesNear Shopping, Near Public Transit
Lot Size Acres0.0803
Lot Size Area0.0803
Number of Separate Electric Meters3
Number of Separate Gas Meters2
Number of Separate Water Meters2
Parking FeaturesGarage, Built-In Garage, 3-4 Car Parking
Water SourcePublic
Additional Details
Price History
Tina Torres
Broker/Owner