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    16 Martin Luther King Jr B 2 Newark, NJ 07104

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    For Lease
    $1,800 /Mo

    Three-bedroom, one-bath apartment in Newark, near transportation.

    Lot size:
    66.00 Acres

    Property Features for 16 Martin Luther King Jr B 2

    General Information

    Lot size
    66.00 Acres

    Building Details

    Year built
    1890

    Source: BHGRE ELITE Agent JAZMINE CLAUSEN-SOIR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment Near Transportation

    Located in the Lower Broadway section of Newark, this is a 3-bedroom, 1-bath apartment on the 2nd floor. The unit features a functional layout with a spacious living room, an eat-in kitchen with cabinet storage, and well-sized bedrooms with natural light. The apartment has been fully renovated. The property is located near NJ Transit bus lines and Newark Broad Street Station, providing convenient commuting to New York City and surrounding areas. Nearby amenities include schools, shopping, dining, and local parks.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1695
    Latitude
    40.7676

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    FAQs

    What type of property is this?
    Apartment building - Three-bedroom, one-bath apartment in Newark, near transportation.
    Where is this apartment building located?
    The property is located at 16 Martin Luther King Jr B 2 Newark, NJ.
    What are key features of this property?
    This property features: - Fully renovated 3-bedroom apartment.; - Convenient location near NJ Transit bus lines and Newark Broad Street Station for easy commuting to NYC.; - Spacious living room and eat-in kitchen.
    (908) 316-8530
    Request Owner's contact information
    16 Martin Luther King Jr B 2 Newark, NJ 07104
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    Newark, NJ 07104
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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 Martin Luther King Jr B 2 Newark, NJ 07104
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