3-Unit Triplex with Updated
New
For Sale
$750,000
834 S 16Th St, Newark, NJ 07108
Multi-Family, 3-Three Story, Newark City, NJ
Property Size3,699 SF
Lot Size0.06 Acres
Price / SF$202.76
Days on Market5
Property Features for 834 S 16Th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 9, Basement, Bedroom 5, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Directions
s16th st and madison ave
Standard status
Active
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13416
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating)
Water source
Public
Building Details
Year built
1907
Floors in Building
3
Number of units
3
Architectural style
Other
Listing Agency:
EXP REALTY, LLC
Listed By:
DAVID ANTHONY GIRON
(866) 201-6210
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 12:06PM
MLS# 4061259
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.
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Investment Insights
Based on property information with market context.
This 3-unit triplex contains approximately 3,699 square feet of living space, with 9 bedrooms and 3 full bathrooms. Each unit has updated kitchens and bathrooms, along with newer flooring. The property was built in 1907 and sits on a 0.06-acre lot, with public water and sewer service.
Springfield Avenue is a few blocks away, with shops, restaurants, and everyday services in the area. Major roadways and public transportation are also accessible from the property.
Springfield Avenue is a few blocks away, with shops, restaurants, and everyday services in the area. Major roadways and public transportation are also accessible from the property.
Key Highlights
- Three separate units with approximately 3,699 square feet of living space
- 9 bedrooms and 3 full bathrooms
- Updated kitchens and bathrooms in each unit, with newer flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,684
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,680
$1.3M
Cap Rate 7%
$895,486
$895.5K
Cap Rate 9%
$696,489
$696.5K
Market Conditions
NOI Build-Up for 3,699 SF
Gross rent
$94.1K $25.44/SF
− Vacancy
−$4.6K −$1.23/SF
EGI
$89.5K $24.21/SF
− OpEx
−$26.9K −$7.26/SF
NOI
$62.7K $16.95/SF
Area
Newark, NJ
Vacancy
4.84%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,680
Cap Rate 7%
$895,486
Cap Rate 9%
$696,489
Alternative Uses
Best Use
Multifamily LT 5
$895.5K
$783.6K – $1.04M
NOI $62,684 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$817.5K
$715.3K – $953.8K
NOI $57,226 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,743 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
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Business Placement
Demographics for 07108, NJ
28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences provide nine bedrooms, three full bathrooms, and newer flooring throughout.
Where is this triplex located?
The property is located at 834 S 16Th St Newark, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three separate units with approximately 3,699 square feet of living space; 9 bedrooms and 3 full bathrooms; Updated kitchens and bathrooms in each unit, with newer flooring throughout
