For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

901 S 16Th St Newark, NJ 07108

For Sale
$895,000

Five-year-old multi-unit with income and expansion potential.

Lot size:
0.08 Acres

Property Features for 901 S 16Th St

General Information

Lot size
0.08 Acres

Building Details

Year built
2020

Source: REAL Agent VIVIAN D. KELLY

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


Overview

Modern Multi-Unit Home in Newark

This five-year-old two-family home is zoned for three units, offering immediate rental income and future potential. Ideal for investors or owner-occupants, the property benefits from a tax abatement in place through June 2026, providing reduced expenses and more substantial cash flow. The recent construction ensures 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, generating $2,600 per month, including $100 for driveway parking. Additional features include an oversized garage with off-street parking, newer construction with updated systems and modern finishes, and a prime Newark location near schools, shopping, major highways, and public transportation to New York City.
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
-74.2128217
Latitude
40.7242551

FAQs

What type of property is this?
Duplex - Five-year-old multi-unit with income and expansion potential.
Where is this duplex located?
The property is located at 901 S 16Th St Newark, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: - Tax abatement in place through June 2026, reducing expenses and increasing cash flow.; - Property is zoned for three units, with Unit 1 having the potential to be converted into a third legal unit with included construction plans.; - Tenant-occupied unit generating $2,600 monthly income.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message