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.… Read More 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. Read Less
Courtesy of REALTY OF AMERICA.
Listing Snapshot
Days Online
33
Last Updated
Property Type
Other
Beds
7
Lot Size
0.07 Acres
Year Built
1906
MLS Number
4017284
30 Days Snapshot Of 07108
$405k
-30%
(avg) sold price
1
-66%
home sold
121
+34%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1906, Renovated in 2025
Cooling
See Remarks
Expenses
Expenses: Cold Water
Exterior Features
Aluminum Siding
Water Features
Public Water
Heating
Gas-Natural, Baseboard - Hotwater
Lot
Approximate Lot Size: 32.10X100, 0.07 acres
Parking
2 parking spaces, Blacktop
Property
3 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $12,240, Tax Rate: 3.999
Unit One
1 bathroom, 3 bathrooms, 1,400 sqft, Handicap Accessibility: No, Range/Oven - Gas
Unit Two
2 bedrooms, 3 bathrooms, 1,400 sqft, Handicap Accessibility: No, Range/Oven - Gas
Unit Three
1 bathroom, 1 bedroom, 1,100 sqft, Handicap Accessibility: No, Range/Oven - Gas
Utilities
All Underground
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