896-898 S 16th Str
Newark City, NJ 07108
Price: $879,999
GSMLS: 3979251Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 8
Baths: 5 Full
Garage: 2-Car
Year Built: 2007
Acres: 0.11
Property Tax: $10,401
Description
Discover An Exceptional Investment Opportunity With This Expansive Three-family Residence, 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.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
13
Basement:
No
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
See Remarks
Lot Size:
50X100
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Built-In Garage
Parking:
2 Car Width
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Dining Room, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living/Dining Room, See Remarks
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$879,999
Tax Amount:
$10,401
Land Assessment:
$14,400
Build. Assessment:
$259,100
Total Assessment:
$273,500
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3979251
List Date:
08-04-2025
Days On Market:
23
Listing Broker:
RE/MAX NEW MILLENNIUM GROUP
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
