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    901-903 S 16Th St Newark, NJ 07108

    For Sale
    $885,000

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

    Property size:
    2,020 SF
    Lot size:
    0.08 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 901-903 S 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Family Room, Kitchen, Laundry, Master Bedroom, Utility Room
    Bedrooms
    7
    Bathrooms
    4
    Parking
    4
    Parking features
    Driveway
    Patio and Porch features
    Patio
    Interior features
    Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Intercom, Shades, Smoke Detector, Vinyl-Linoleum Floors, Walk-In Closet
    Exterior features
    Patio, Privacy Fence
    Fencing
    Fenced, Privacy
    Appliances
    Dishwasher, Microwave, Oven - Gas, Range, Refrigerator, Washer
    Size
    2,020 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2020
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Real Broker LLC

    Listing agent VIVIAN D. KELLY (855) 450-0442

    Listing date Nov 21, 2025

    MLS# 3981716 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 Multi-Family with Expansion Potential

    This five-year-old two-family home is located in Newark City, NJ. Zoned for three units, this multi-unit property offers immediate rental income and future potential. It is suitable for investors or owner-occupants. A tax abatement is in place through June 2026. The property's recent construction allows for low-maintenance living and future expansion potential. Unit 1 is vacant and includes access to the ground level, with the potential to be converted into a third legal unit, with construction plans included. Unit 2 is tenant-occupied and generates $2,600 per month, including $100 for driveway parking. Additional features include an oversized garage with off-street parking, updated systems and modern finishes. The property is located near schools, shopping, major highways, and public transportation to New York City. The property size is 2020 square feet and the lot size is 0.08 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.21269
    Latitude
    40.72423

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    FAQs

    What type of property is this?
    Duplex - Five-year-old two-family home with potential for a third unit.
    Where is this duplex located?
    The property is located at 901-903 S 16Th St Newark, NJ.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: - Tax abatement in place through June 2026.; - Zoned for three units with potential to convert Unit 1 into a third legal unit (plans included).; - Immediate rental income from tenant-occupied Unit 2 ($2,600/month).
    (855) 450-0442
    Request Owner's contact information
    901-903 S 16Th St Newark, NJ 07108
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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
    901-903 S 16Th St Newark, NJ 07108
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