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    16 Alexander St Newark, NJ 07106

    For Sale
    $680,000

    MULTI_FAMILY - Newark, NJ

    Property size:
    2,416 SF
    Lot size:
    0.09 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 16 Alexander St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 6, Bathroom 1, Basement, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 2
    Bedrooms
    8
    Bathrooms
    3
    APN
    14-04057-0000-00012
    Parking features
    On Street
    Size
    2,416 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Tile - Ceramic, Wood

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent Salvatore Settepani (866) 201-6210

    Listing date Oct 16, 2025

    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.

    Overview

    Spacious Newark Multifamily Investment Opportunity

    This three-unit property is suitable for investors or owner-occupants seeking rental income. Unit 1 includes 2 bedrooms and 1 bathroom. Units 2 and 3 each feature 3 bedrooms and 1 bathroom. The units have functional layouts, updated flooring, natural light, and kitchen spaces with wood cabinetry and modern finishes. The property's exterior features a fenced front yard and entryway. Its location provides access to shopping, dining, schools, and major transportation routes. The property size is 2416 square feet, situated on a lot of approximately 0.09 acres in Newark, New Jersey.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.223622
    Latitude
    40.744725

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    FAQs

    What type of property is this?
    Triplex - Three-unit property in Newark, ideal for investors or owner-occupants.
    Where is this triplex located?
    The property is located at 16 Alexander St Newark, NJ.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: - Strong rental income potential as a 3-unit property.; - Prime location near shopping, dining, schools, and major transportation routes.; - Updated flooring and modern kitchen finishes with wood cabinetry.
    (866) 201-6210
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    16 Alexander St Newark, NJ 07106
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    Newark, NJ 07106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Alexander St Newark, NJ 07106
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