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Renovated 2BR Apartment
For Lease
$2,000/Mo

16 Smith St, Newark, NJ 07106

Renovated first-floor 2-bedroom, 1-bath unit with updated kitchen, GE appliances, and a modern bathroom.

Space SizeContact for details
Days on Market53

Property Features for 16 Smith St

General Information

Standard status Active
Property subtype Multi Family
Lease Term 12 months

Additional Details

Highway Access Yes

Building Details

Year Built 1960
Listed By: DILEK KOROGLU
Source: Elliman
Added: Jul 20 Changed: Sep 3 Last Checked: Sep 10 at 10:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DILEK KOROGLU

Investment Insights

Based on property information with market context.

This renovated first-floor 2-bedroom, 1-bath apartment offers an updated kitchen with GE appliances and soft-close cabinetry, along with a modern bathroom and a spacious living area. Residents also have access to shared laundry in the basement and a shared backyard.

The apartment is conveniently located near shopping, restaurants, schools, major highways, and public transportation. Newark Penn Station is within easy access, providing direct NJ TRANSIT and PATH service to New York City. Availability is immediate.

Key Highlights

  • Renovated first‑floor 2‑bedroom, 1‑bath apartment
  • Updated kitchen with GE appliances and soft‑close cabinetry
  • Modern bathroom

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Carpet & Flooring Store Florist Pet Grooming Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,607
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Renovated first-floor 2-bedroom, 1-bath unit with updated kitchen, GE appliances, and a modern bathroom.
Where is this multifamily property located?
The property is located at 16 Smith St Newark, NJ.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: Renovated first‑floor 2‑bedroom, 1‑bath apartment; Updated kitchen with GE appliances and soft‑close cabinetry; Modern bathroom
More about this property
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