Discover an exceptional investment opportunity with this expansive 2 unit residence with bonus space,2 renovated additional bedrooms and full bath in the ground floor, ideally situated on an oversized lot just steps from I-78, the Garden State Parkway, and key transit options. Boasting impressive square footage and a prime location near downtown Newark, this property is perfectly suited for both owner-occupants and seasoned investors seeking strong rental potential. Each of the three generously sized units features high ceilings, abundant natural light, and versatile floor plans that offer both comfort and character. The rare, extra-large lot provides valuable outdoor space ideal for private parking, gardening, or future enhancements making it a true asset in an urban setting. Located within walking distance to NJ Transit, major highways, parks, retail centers, and educational institutions, this home stands out as a premier multi-family. Don't miss this rare chance to own a high-performing property with endless upside in the heart of the city.
Under contract cont. to show
$799,999
896-898 S 16Th St, Newark City, NJ 07108
8beds
--sqft
Multi Family
Built in 2007
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High ceilingsAbundant natural lightValuable outdoor spaceIdeal for private parkingExtra-large lotOversized lotVersatile floor plans
- 161 days
- 109
- 1
Zillow last checked:
Listing updated:
Listed by:
Richard Ovedhe 908-282-1234,
Re/Max New Millennium Group
Source: GSMLS,MLS#: 4024869
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- 2 Units, Natural Gas
Cooling
- Central Air
Features
- Bedrooms, Dining Room, Kitchen, Living Room, Attic
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: 2 Car Width, See Remarks
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,791 Square Feet
- Dimensions: 50 x 100
Details
- Parcel number: 1614030110000000620000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 2007
- Major remodel year: 2026
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities, Natural Gas Connected, See Remarks
Community & HOA
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $273,500
- Annual tax amount: $10,937
- Date on market: 5/2/2026
- 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 |
|---|---|---|
| 9/7/2026 | Listed for sale | $799,999 |
Source: | ||
| 7/24/2026 | Pending sale | $799,999 |
Source: | ||
| 5/2/2026 | Listed for sale | $799,999-9.1% |
Source: | ||
| 4/1/2026 | Listing removed | $879,999 |
Source: | ||
| 12/30/2025 | Listed for sale | $879,999 |
Source: | ||
| 12/12/2025 | Pending sale | $879,999 |
Source: | ||
| 12/11/2025 | Listed for sale | $879,999 |
Source: | ||
| 10/30/2025 | Pending sale | $879,999+0.1% |
Source: | ||
| 9/26/2025 | Price change | $879,000-0.1% |
Source: | ||
| 8/4/2025 | Listed for sale | $879,999+105.1% |
Source: | ||
| 10/10/2007 | Sold | $429,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,937 +5.2% | $273,500 |
| 2024 | $10,401 +0.1% | $273,500 |
| 2023 | $10,393 | $273,500 |
| 2022 | $10,393 | $273,500 |
| 2021 | $10,393 +1% | $273,500 |
| 2020 | $10,286 +37.4% | $273,500 |
| 2019 | $7,484 | $273,500 |
| 2018 | $7,484 -20.5% | $273,500 |
| 2017 | $9,408 +4% | $273,500 |
| 2016 | $9,050 +6.7% | $273,500 |
| 2015 | $8,481 +5% | $273,500 |
| 2014 | $8,076 +532.3% | $273,500 |
| 2013 | $1,277 +37.9% | $273,500 +635.2% |
| 2007 | $926 | $37,200 |
| 2006 | -- | $37,200 |
Find assessor info on the county website
Monthly payment
Est. payment







