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New Construction Triplex With Garage
For Sale
Contact for pricing
Pending

263 16Th Ave, Newark, NJ 07103

Residential income property with separate utilities, central HVAC, and updated kitchen finishes and appliances.

Property SizeContact for details
Days on Market143

Property Features for 263 16Th Ave

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Multifamily

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Amenities

Recreation Room
Half Bath
Laundry Room
Central Ac Heat
Separate Utilities
Kitchen Granite Counter Tops
Stove
Dishwasher
Microwave
Listing Agency: Exit Realty Lucky Group
Listed By: Antonio Costa · License #NJ 9481169
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 6:47PM

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 Exit Realty Lucky Group

Investment Insights

Based on property information with market context.

This triplex is under construction with a street-level two-car garage, recreation room, half bath, and laundry area. An interior connection leads to one apartment. Residential interiors include kitchen and living/dining areas, three bedrooms, and two full bathrooms. Ceramic and older flooring are noted, along with central air conditioning and heat.

The kitchens feature granite countertops and include a stove, dishwasher, and microwave in both apartments. Separate utilities support individual unit service arrangements. The property is located at 263 16th Ave in Newark, New Jersey, and the address is included as part of the offering.

Key Highlights

  • Triplex under construction
  • Street‑level garage with capacity for 2 cars
  • Recreation room, half bath, and laundry room

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Building Supply Skin Care Clinic Parking Lot & Garage

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,484
Businesses Nearby

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value

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?
Triplex - Residential income property with separate utilities, central HVAC, and updated kitchen finishes and appliances.
Where is this triplex located?
The property is located at 263 16Th Ave Newark, NJ.
What are key features of this property?
This property features: Triplex under construction; Street‑level garage with capacity for 2 cars; Recreation room, half bath, and laundry room
More about this property
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