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    901-903 S 16Th St Newark, NJ 07108

    For Sale
    $885,000

    2 Family - Newark, NJ

    Property size:
    3,621 SF
    Lot size:
    0.08 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 901-903 S 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1403012000000037
    Parking features
    Garage
    Size
    3,621 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    2020
    Architectural style
    Other

    Real Broker LLC (212) 380-3203 [email protected]

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

    Listing date Nov 21, 2025

    MLS# 2604868R Listing URL

    Copyright © 2025 All Jersey 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

    Modern Multi-Unit in Newark

    Built in 2020, this multi-unit property is configured as a legal two-unit and zoned with permits approved for three-unit use. It is suited for investors or owner-occupants. One unit is vacant and includes access to the basement, which has the potential to be converted into a third legal unit with construction plans included. The other unit is tenant-occupied, generating $2,600 per month, including $100 for driveway parking. The property has one year of tax abatement remaining. Additional features include an oversized garage with off-street parking, newer construction with updated systems and modern finishes. Located in Newark, the property is near schools, shopping and public transportation to NYC. The property size is 3,621 square feet and the lot size is 0.0803 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
    -74.212969
    Latitude
    40.724274

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    FAQs

    What type of property is this?
    Duplex - Two-unit property 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: - Legal two-unit property with permits approved for three-unit use.; - Vacant Unit 1 with **basement conversion potential into a third legal unit** (construction plans included).; - Tenant-occupied Unit 2 generating $2,600 monthly income (including parking).
    (855) 450-0442
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    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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