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.
Under contract
Price cut: $1.9K (5/19)
$898,000
14-16 Hazel Pl, Newark City, NJ 07108
8beds
--sqft
Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Contemporary finishesModern bathroomsLarge clean finished basementSpacious layoutsUpdated kitchens
- 124 days |
- 41 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Christopher Stead 973-450-4000,
Re/Max Professionals I
Source: GSMLS,MLS#: 4012834
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
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Pending sale | $898,000 |
Source:  GSMLS #4012834 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 | -- | $14,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Upper Clinton Hill
Nearby schools
GreatSchools rating
- 3/10Hawthorne Avenue Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 0.7 mi
- 1/10Central High SchoolGrades: 9-12Distance: 1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Essex County
- Newark
- 07108
- Upper Clinton Hill
- 14-16 Hazel Pl
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