1. New Jersey
  2. Newark
  3. 901-903 S 16th Street
$895,000

901-903 S 16th Street, Newark, NJ 07108

  • 7 beds |
  • 5 baths |
  • 3,621 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 2020
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $247/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Built in 2020, this modern multi-unit offers both immediate rental income and future potential. Currently configured as a legal two-unit and zoned with permits approved for three-unit use, this property is ideal for investors or owner-occupants. Unit 1 is vacant and includes access to the basement, which has the potential to be converted into a third legal unit with construction plans included. Unit 2 is tenant-occupied, generating $2,600 per month, including $100 for driveway parking. One year of tax abatement remains, providing reduced expenses and more substantial cash flow. Additional features include an oversized garage with off-street parking, newer construction w/updated systems and modern finishes, and a prime Newark location near schools, shopping & public transportation to NYC.

Listing Status:
Active
Date Added:
August 17, 2025 at 05:00AM
Listing Office:
Real Broker, LLC : 855-450-0442
Listing Agent:
Vivian D Kelly : 855-450-0442
MLS ID:
22524939
  • Basement: Other
  • A/C: Central Air2 Zoned AC
  • Heating: Forced AirNatural Gas

This listing courtesy of Vivian D Kelly, Real Broker, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hawthorne Avenue Elementary School

428 Hawthorne Ave, Newark, NJ, 07112

Grades KG-8

0.41 miles away

U

University High School

55 Clinton Pl, Newark, NJ, 07108

Grades 7-12

0.24 miles away

U

University High School

55 Clinton Pl, Newark, NJ, 07108

Grades 7-12

0.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.