Modern upgradesFully renovatedUpdated finishesWalk-in closetFunctional layouts
Welcome to this fully renovated, income-producing three-family home located at 874-876 S 16th St. This expansive property offers the perfect combination of modern upgrades, functional layouts, and strong investment potential.The first-floor unit features a well-designed 3-bedroom, 1-bath layout with updated finishes and a seamless flow between living and dining areas. The second-floor unit offers a spacious 3-bedroom, 2-bath configuration, highlighted by a primary suite with a private en-suite bathroom and walk-in closet ideal for owner-occupants or premium rental income. The third-floor unit includes a 1-bedroom, 1-bath apartment, currently rented at $1,800/month on a month-to-month basis, providing immediate income with flexibility.The property also includes a private driveway with ample parking in the rear, a highly desirable feature in Newark.Conveniently located near major transportation routes such as the Garden State Parkway, Interstate 280, and the New Jersey Turnpike, as well as public transit through NJ Transit, this property offers excellent accessibility. Nearby West Side Park provides convenient access to outdoor recreation.An exceptional opportunity for both investors and owner-occupants seeking a turnkey, high-performing asset in a prime location.
71 days
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155
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9
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Zillow last checked:
Listing updated:
Listed by:
Cristian Avila Vargas833-256-4244,
Realty Of America
Source: GSMLS,MLS#: 4024822
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 5
Full bathrooms: 5
Heating
Baseboard - Hotwater, Natural Gas
Cooling
See Remarks
Features
Bedrooms, Eat-in Kitchen, Kitchen, Living Room, See Remarks, Eat-In Kitchen, Family Room
Basement: Yes,Full
Has fireplace: No
Interior area
Total structure area: 4,100
Total interior livable area: 4,100 sqft
Property
Parking
Total spaces: 4
Parking features: See Remarks
Uncovered spaces: 4
Features
Levels: 3-Three Story
Stories: 3
Lot
Size: 3,049 Square Feet
Dimensions: 32.10 x 100
Details
Parcel number: 1614030110000000740000
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Vinyl Siding
Roof: Asphalt Shingle
Condition
Year built: 1906
Utilities & green energy
Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected
Community & HOA
Location
Region: Newark
Financial & listing details
Price per square foot: $165/sqft
Tax assessed value: $306,100
Annual tax amount: $12,240
Date on market: 5/1/2026
Total actual rent: 0
Tenant pays: Gas, Tenant Pays Heat, Water, Tenant Pays Gas, Tenant Pays Water
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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