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Residential Income For Sale

896-898 S 16th St, Newark City, Essex 07108-1121

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Property Description

Discover an exceptional investment opportunity with this expansive 2 unit residence with bonus space, 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.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4024869
Price:
$799,999
Year Built:
2007
Lot Area:
0.11 Acre
Status:
Active
Office Name:
RE/MAX NEW MILLENNIUM GROUP
Full Bathrooms:
5
Roof:
Asphalt Shingle
Features
Heating System:
2 Units
Cooling System:
Central Air
Architectural Style:
2-Two Story
Sewer:
Public Sewer
Utilities:
See Remarks, All Underground, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07108-1121
Street:
S 16Th St
Street Number:
896-898
Longitude:
W75° 47' 14.5''
Latitude:
N40° 43' 27.7''
Directions:
Please use google maps.
Additional Information
Lot Size Dimensions:
50X100
Water Source:
Public Water
Number Of Units Total:
2
Financial
Tax Annual Amount:
10937
Listing Information
List Agent Mls Id:
302546
List Office Mls Id:
2102
Mls Status:
Active
Modification Timestamp:
2026-05-01T23:15:27Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4024869
Lot Area:
0.11 Acre
$799,999
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com