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Residential Income For Sale

874 S 16th St, Newark City, Essex 07108-1299

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Property Description

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. 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. 

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4024822
Price:
$675,000
Year Built:
1906
Lot Area:
0.07 Acre
Status:
Active
Office Name:
REALTY OF AMERICA
Full Bathrooms:
5
Roof:
Asphalt Shingle
Features
Heating System:
Baseboard - Hotwater
Cooling System:
See Remarks
Basement:
Full
Architectural Style:
3-Three Story
Sewer:
Public Sewer
Utilities:
Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07108-1299
Street:
S 16Th St
Street Number:
874
Longitude:
W75° 47' 15.4''
Latitude:
N40° 43' 30.3''
Directions:
Springfield Ave to South 16th St
Additional Information
Lot Size Dimensions:
32.10X100
Water Source:
Public Water
Number Of Units Total:
3
Financial
Tax Annual Amount:
12240
Listing Information
List Agent Mls Id:
396832
List Office Mls Id:
6265
Mls Status:
Active
Modification Timestamp:
2026-05-01T20:59:28Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4024822
Lot Area:
0.07 Acre
$675,000
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