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
1416 Hazel Pl, Newark, NJ 07108
8beds
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Contemporary finishesModern bathroomsFully renovatedLarge clean finished basementSpacious layouts throughoutUpdated kitchens
- 122 days |
- 13 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Jorge Velasquez 973-450-4000,
RE/MAX Professionals 1
Source: NJMLS,MLS#: 26007239
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Appliances
- Laundry: None
Property
Parking
- Total spaces: 4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat
Community & HOA
Location
- Region: Newark
Financial & listing details
- Annual tax amount: $10,797
- Date on market: 3/5/2026
- Listing agreement: Exclusive Right To Sell
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: | ||
| 5/19/2026 | Price change | $898,000-0.2% |
Source: | ||
| 3/5/2026 | Listed for sale | $899,900 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Upper Clinton Hill
Nearby schools
GreatSchools rating
- 3/10Hawthorne Avenue Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 0.7 mi
- 1/10Weequahic 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
- 1416 Hazel Pl







