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Eric DeSilva

eric.desilva@exprealty.com +1(973) 542-9302

$ 879,999

Est. payment -/mo

Save

Active

896-898 S 16Th Str Newark City, NJ 07108

8 Beds

5 Baths

4,791 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3979251

Style 3-Three Story

Bedrooms 8

Full Baths 5

Year Built 2007

Annual Tax Amount $10,401

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

Back to the market. 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.

Location

State NJ

County Essex

Interior

Heating Gas-Natural

Cooling Central Air

Heat Source Gas-Natural

Exterior

Exterior Feature See Remarks

Parking Features Built-In Garage

Garage Spaces 2.0

Utilities Available All Underground

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by RE/MAX NEW MILLENNIUM GROUP

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

10

North Star Academy Charter Schools of Newark

Public | KG - 12
8

Forest Street Elementary School

Public | PK - 7
8

Robert Treat Academy Charter School

Public | KG - 8
7

Pride Academy Charter School

Public | 5 - 8
6

Clinton Elementary School

Public | PK - 5
6

Mt. Vernon Place Elementary School

Public | PK - 8
6

Lincoln Avenue Elementary School

Public | PK - 7
6

George Washington School

Public | 5 - 5
6

J. Garfield Jackson Sr. Academy

Public | KG - 5
6

First Avenue Elementary School

Public | PK - 8
6

Branch Brook Elementary School

Public | PK - 4
6

The Gray Charter School

Public | KG - 8
6

Oliver Street Elementary School

Public | PK - 8
5

Heywood Avenue Elementary School

Public | PK - 7
5

Newark Legacy Charter School

Public | KG - 4
5

Langston Hughes Elementary School

Public | PK - 5
5

Ecole Toussaint Louverture

Public | PK - 5
5

Dr. Albert Einstein Academy School No. 29

Public | PK - 8
5

Ronald Reagan Academy School No. 30

Public | PK - 8
5

Madison Monroe School #16

Public | PK - 8

Middle Schools 19

9

Science Park High School

Public | 7 - 12
7

Great Oaks Charter School

Public | 6 - 9
5

Cicely L. Tyson Community Middle/High School

Public | 6 - 12
5

Arts High School

Public | 7 - 12
4

Krumbiegel Middle School

Public | 6 - 8
4

University High School

Public | 7 - 12
4

American History High School

Public | 6 - 12
3

Union Avenue Middle School

Public | 6 - 8
3

Orange Preparatory Academy

Public | 8 - 9
3

Universiy Middle School

Public | 6 - 8
2

Merit Preparatory Charter School of Newark

Public | 6 - 7
1

Eagle Academy

Public | 6 - 7
1

Newark Early College High School

Public | 6 - 10
0

Bruriah High School for Girls

Private | 7 - 12
0

Fast Track Success Academy

Public | 6 - 12
0

Elyon Learning Center Academy

Private | 8 - 12
0

Link Community School

Private | 7 - 8
0

St Benedict's Preparatory School

Private | 7 - 12
0

Alif Muhammad's Nia School

Private | 8 - 12

High Schools 20

10

Technology High School

Public | 9 - 12
8

Bard Early College High School

Public | 9 - 12
6

North 13th St Tech

Public | 9 - 12
5

Newark Tech

Public | 9 - 12
4

Orange High School

Public | 9 - 12
3

Hillside High School

Public | 9 - 12
3

People's Preparatory Charter School

Public | 9 - 11
2

Newark Vocational High School

Public | 9 - 12
1

Irvington High School

Public | 9 - 12
1

Weequahic High School

Public | 9 - 12
1

West Side High School

Public | 9 - 12
1

Central High School

Public | 9 - 12
1

Malcom X Shabazz High School

Public | 9 - 12
1

Barringer High School

Public | 9 - 12
1

Paulo Freire Charter School

Public | 9 - 10
1

Newark Preparatory Charter School

Public | 9 - 10
0

Benedictine Academy

Private | 9 - 12
0

Newark Bridges High School

Public | 9 - 12
0

Newark Innovation Academy

Public | 9 - 12
0

Newark Leadership Academy

Public | 9 - 12

School and business data provided by Attom Data.