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2-Unit Duplex with Finished Lower Level
New
For Sale
$799,900

478 S 16Th St, Newark, NJ 07103

Both apartments offer three bedrooms and two bathrooms, with additional finished space below.

Property SizeContact for details
Days on Market6

Property Features for 478 S 16Th St

General Information

Standard status Active
Property subtype Multi Family

Units

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

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $9,895

Building Details

Year Built 2023
Buildings 1
Units 2
Listing Agency: RE/MAX Professionals I
Listed By: JULIAN VELASQUEZ · License #1429987
Source: Elliman
Added: Oct 1 Changed: Oct 4 Last Checked: Oct 5 at 6:57PM

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 RE/MAX Professionals I

Investment Insights

Based on property information with market context.

Built in 2023, this duplex contains two apartments, each configured with three bedrooms and two bathrooms. The ground level is finished, includes a full bathroom, and has its own separate entrance, providing additional usable interior space. The apartments feature kitchens and living areas.

The property is near public transportation serving New York City, shopping, dining, and major roadways. Its Walk Score is 88, Transit Score is 75, and Bike Score is 52.

Key Highlights

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

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 - Both apartments offer three bedrooms and two bathrooms, with additional finished space below.
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
More about this property
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