Active

Price cut: $98K (9/4)

$800,000

14-16 Hazel Pl, Newark City, NJ 07108

8beds

--sqft

$5,702/mo

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Multi Family

Built in 1922

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Contemporary finishesModern bathroomsLarge clean finished basementSpacious layoutsUpdated kitchens

Fully renovated 4-family income-producing property for sale at 14-16 Hazel Pl in Newark, NJ, located in a high-demand Essex County rental market. This turnkey multi-family investment features updated kitchens, modern bathrooms, contemporary finishes, and spacious layouts throughout. Separate utilities provide efficiency and added value for investors.Strong rental income potential with current rents offering upside for future growth, making this an ideal value-add opportunity with long-term appreciation. The property also includes a large, clean, finished basement providing additional usable space for storage or common area use.Conveniently located near NJ Transit bus lines, Newark Penn Station, major highways, shopping, and local amenities with easy access to New York City commuter routes. A rare opportunity to acquire a renovated 4-unit building with strong cash flow potential in the Newark NJ housing market.

220 days
310
24

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

4+ Units, Forced Air, Natural Gas

Cooling

4+ Units, Wall Unit(s)

Appliances

Included: Range/Oven - Gas, Refrigerator, See Remarks

Features

Bedrooms, Kitchen, See Remarks
Basement: Yes,Finished
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 4
Parking features: Additional Parking, Concrete, Driveway-Exclusive, Off Street
Uncovered spaces: 4

Lot

Size: 5,662 Square Feet
Dimensions: 50 x 110

Details

Parcel number: 1614030270000000480000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Roof: Flat

Condition

Year built: 1922
Major remodel year: 2025

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Available
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector

Location

Region: Newark

Financial & listing details

Tax assessed value: $270,000
Annual tax amount: $10,797
Date on market: 3/5/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/4/2026	Price change	$800,000-10.9%
Source: GSMLS #4012834 Report a problem
8/22/2026	Listed for sale	$898,000
Source: GSMLS #4012834 Report a problem
6/8/2026	Pending sale	$898,000
Source: NJMLS #26007239 Report a problem
5/19/2026	Price change	$898,000-0.2%
Source: GSMLS #4012834 Report a problem
3/5/2026	Listed for sale	$899,900+208.2%
Source: GSMLS #4012834 Report a problem
6/3/2020	Sold	$292,000+62.2%
Source: Public Record Report a problem
10/5/2016	Sold	$180,000
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,797 -12.8%	$270,000 -17.1%
2024	$12,379 +45%	$325,500 +44.9%
2023	$8,535	$224,600
2022	$8,535	$224,600
2021	$8,535 +1%	$224,600
2020	$8,447 +37.4%	$224,600
2019	$6,146	$224,600
2018	$6,146 -20.5%	$224,600
2017	$7,726 +4%	$224,600
2016	$7,432 +6.7%	$224,600
2015	$6,965 +5%	$224,600
2014	$6,632 +5.6%	$224,600 +19%
2012	$6,280 +4.7%	$188,700
2011	$6,001 +16.1%	$188,700
2010	$5,168 +5.4%	$188,700
2009	$4,904 +4.4%	$188,700
2008	$4,699	$188,700
2007	$4,699	$188,700
2006	--	$188,700
2005	--	$188,700
2004	$4,076	$188,700
2003	--	$188,700 +1166.4%
2002	--	$14,900
2001	--	$14,900