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Duplex with Finished Ground Level
New
For Sale
$799,900

478 S 16Th St, Newark, NJ 07103

Multi-Family, 3-Three Story, Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market7

Property Features for 478 S 16Th St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 3, Bedroom 1, Bedroom 5, Bathroom 1, Basement, Bathroom 5, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 2
Parking 1
Interior features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors
Exterior features FencVnyl
Fencing Fenced
Directions GSP to South Orange Ave exit to 15th Ave to So 16th St
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 9895

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating), Forced Air
Cooling system Ductless, Central Air
Water source Public

Building Details

Year built 2023
Floors in Building 3
Number of units 2
Roof type Flat
Architectural style Other
Listing Agency: RE/MAX PROFESSIONALS I · RE/MAX International
Listed By: JULIAN VELASQUEZ · License #1429987
Added: Sep 30 Changed: Oct 5 Last Checked: Oct 6 at 4:06PM
MLS# 4056047

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2023, this duplex contains two apartments, each with three bedrooms and two bathrooms. A fully finished ground level adds further interior space and includes a full bathroom and its own entrance. Interior details include wood and vinyl-linoleum flooring and walk-in closets; the exterior is fenced.

The property occupies a 0.06-acre lot and has public water and sewer service. Heating is provided by forced air and a heat pump, with ductless and central air conditioning listed.

Key Highlights

  • Two apartments, each with 3 bedrooms and 2 bathrooms
  • Finished ground level with a full bathroom and separate entrance
  • Built in 2023 on a 0.06‑acre lot

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Storage Facility Acupuncture

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

1,389
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
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom apartments are complemented by separate-entry ground-floor space with a full bathroom.
Where is this duplex located?
The property is located at 478 S 16Th St Newark, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 2 bathrooms; Finished ground level with a full bathroom and separate entrance; Built in 2023 on a 0.06‑acre lot
More about this property
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