Spacious Multi-Family Home – Great Investment Opportunity or Owner-Occupant Potential!
This well-maintained two-family house features a total of 7 bedrooms and 3 bathrooms, plus a finished attic space for added versatility.
First Floor: 3 bedrooms, 1 full bath, spacious living and dining areas. Currently fully occupied by a reliable, good-paying tenant, providing immediate rental income.
Second Floor: 3 bedrooms, 1 full bath with similar layout, This unit is vacant and move-in ready, ideal for an owner-occupant or additional rental income.
BONUS living-space (attic) 1 bedroom, 1 full bath with kitchenette – perfect for additional living space.
Large unfinished basement w/ high ceiling, Large backyard, separate heating and hot water. Gas heating - no oil tank, central heating system w/ separate entrance to all units including basement
This property is in close proximity to local parks, providing outdoor space for families and pets. Commuting is a breeze with easy access to public transportation, major bus routes. Plus, hospitals and medical centers are only a drive away, adding peace of mind and convenience.
Whether you're looking to invest or live in one unit while renting the others, this property offers flexibility, income potential, and space.
Contact Owner: 646-331-0249 Realtors are welcome!
Come with your best Offers
Sold for $560,000
$560,000
748 S 16th St, Newark, NJ 07103
7beds
2,295sqft
MultiFamily
Built in 1913
-- sqft lot
$-- Zestimate®
$244/sqft
$2,256 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,256/mo
Zestimate® history
Owner options
List your home for rent
$2,256/mo
Rent Zestimate®
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$2,256/mo
Rent Zestimate®
Refinance and save
$3,873/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,873/mo
Est. payment
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List your homeWhat's special
Finished attic spaceLarge backyard
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air
Cooling
- None
Appliances
- Included: Refrigerator
Interior area
- Total interior livable area: 2,295 sqft
Property
Parking
- Parking features: None
Features
- Exterior features: Vinyl
Lot
- Size: 2,613 sqft
Details
- Parcel number: 1402635000000046
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1913
Community & neighborhood
Location
- Region: Newark
Other
Other facts
- Accepts applicants with section 8 vouchers
- Income-Restricted
Price history
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Sold | $560,000+700%$244/sqft |
Source: Public Record Report a problem | ||
| 2/5/2026 | Sold | $70,000-87.3%$31/sqft |
Source: Public Record Report a problem | ||
| 10/7/2025 | Listed for sale | $549,999+59.4%$240/sqft |
Source: Owner Report a problem | ||
| 4/20/2021 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 4/5/2021 | Listed for rent | $1,650$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 1/1/2021 | Sold | $345,000+3%$150/sqft |
Source:  GSMLS #3680956 Report a problem | ||
| 12/4/2020 | Pending sale | $335,000$146/sqft |
Source: SIGNATURE REALTY NJ #3680956 Report a problem | ||
| 11/30/2020 | Listed for sale | $335,000+123.3%$146/sqft |
Source: SIGNATURE REALTY NJ #3680956 Report a problem | ||
| 5/14/2020 | Sold | $150,000$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,577 +5.2% | $264,500 |
| 2024 | $10,059 +1.8% | $264,500 |
| 2023 | $9,882 +92.2% | $264,500 |
| 2022 | $5,141 | $264,500 +95.5% |
| 2021 | $5,141 +1% | $135,300 |
| 2020 | $5,089 +37.6% | $135,300 |
| 2019 | $3,699 | $135,300 |
| 2018 | $3,699 -20.5% | $135,300 |
| 2017 | $4,654 +4% | $135,300 |
| 2016 | $4,477 +6.7% | $135,300 |
| 2015 | $4,196 +5% | $135,300 |
| 2014 | $3,995 +9.5% | $135,300 |
| 2013 | $3,649 +3.7% | $135,300 +28% |
| 2012 | $3,518 +4.7% | $105,700 |
| 2011 | $3,361 +16.1% | $105,700 |
| 2010 | $2,895 +5.4% | $105,700 |
| 2009 | $2,747 +4.4% | $105,700 |
| 2008 | $2,632 | $105,700 |
| 2007 | $2,632 | $105,700 |
| 2006 | -- | $105,700 |
| 2005 | -- | $105,700 |
| 2004 | $2,283 | $105,700 |
| 2003 | -- | $105,700 +1347.9% |
| 2002 | -- | $7,300 |
| 2001 | -- | $7,300 |
Find assessor info on the county website
Neighborhood: West Side
Nearby schools
GreatSchools rating
- 3/10Hawthorne Avenue Elementary SchoolGrades: PK-8Distance: 0.8 mi
- 1/10Central High SchoolGrades: 9-12Distance: 0.9 mi
- 1/10West Side High SchoolGrades: 9-12Distance: 1 mi
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- New Jersey
- Essex County
- Newark
- 07103
- West Side
- 748 S 16th St
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