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2-Unit Multifamily Property

98 16th Ave, Newark, NJ 07103

For Sale
New
Contact for pricing

The two-family residence was built in 1999.

Property SizeContact for details
Days on Market2

Property Features for 98 16th Ave

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood West Side

Amenities

3
See Remarks
25X100
0.06

Building Details

Year Built 1999
Tenancy Multi
Listing Agency:
Listed By: Reisha Baker
Source: Skyrealtyintl
Added: Nov 8 Last Checked: Nov 9 at 7:57AM

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 Reisha Baker

Rey
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Investment Insights

Based on property information with market context.

Located at 98 16th Ave in Newark, this multifamily property is configured as a two-family house. Its stated year of construction is 1999.

Key Highlights

  • Two‑family house configuration
  • Built in 1999
  • Exterior feature information includes 25X100

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,420
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
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Market

Average Price Trend$/SF for Multifamily properties in Newark, NJ

$334 Jul
$268 Aug
$242 Sep
$236 Oct

Properties on Market for Multifamily properties in Newark

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The two-family residence was built in 1999.
Where is this multifamily property located?
The property is located at 98 16th Ave Newark, NJ.
What are key features of this property?
This property features: Two‑family house configuration; Built in 1999; Exterior feature information includes 25X100
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