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    822 S 16Th St Newark, NJ 07108

    Pending
    For Sale
    $550,000

    3-Three Story, See Remarks, Multi-Family - Newark City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 822 S 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    8
    Bathrooms
    2
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Lot size
    0.06 Acres

    Utilities

    Heating system
    See Remarks (Heating)

    Building Details

    Year built
    1912
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Real Broker LLC

    Listing agent ALESSANDRO FALCAO (855) 450-0442

    Listing date Nov 19, 2025

    MLS# 3991369 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark City Multi-Family Investment Opportunity

    This two-family property in Newark City, NJ, features a total of 8 bedrooms and 2 full baths. Situated on a 25x100 lot, the property includes a full basement. The building has high ceilings and large bedrooms, with 2 bonus attic rooms that could be converted into a studio or additional living space. This property provides multiple options for redevelopment. Located minutes from major highways and 30 minutes from NYC, it presents an excellent opportunity for investors seeking a renovation or resale project, as well as for first-time buyers interested in renovation or rehab. The property offers excellent rental potential and represents a strong long-term investment opportunity, whether for renovation and resale or for steady rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -74.21172
    Latitude
    40.7268

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    FAQs

    What type of property is this?
    Duplex - Two-family property with redevelopment potential, near highways and NYC.
    Where is this duplex located?
    The property is located at 822 S 16Th St Newark, NJ.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity for renovation, resale, or rental income.; - Convenient location, minutes from major highways and 30 minutes from NYC.; - Large 2-family property with **8 bedrooms and 2 full baths.**
    (855) 450-0442
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    Newark, NJ 07108
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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
    822 S 16Th St Newark, NJ 07108
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