About 901-903 S 16th St
Five-year-old two-family home, property is zoned for three units. This modern multi-unit offers both immediate rental income and future potential. This property is ideal for investors or owner-occupants. Tax abatement in place through June 2026, providing reduced expenses and more substantial cash flow. Recent construction offers low-maintenance living and future expansion potential. Unit 1 is vacant and includes access to the ground level, with the potential to be converted into a third legal unit with construction plans included. Unit 2 is tenant-occupied, generating $2,600 per month, including $100 for driveway parking. Additional features include an oversized garage with off-street parking, newer construction with updated systems and modern finishes, and a prime Newark location near schools, shopping, major highways, and public transportation to New York City.
Features of 901-903 S 16th St
| MLS® # | 3981716 |
|---|---|
| Price | $895,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 2,020 |
| Acres | 0.08 |
| Year Built | 2020 |
| Type | Multi Family |
| Style | ThreStry |
| Status | Active |
Community Information
| Address | 901-903 S 16th St |
|---|---|
| City | Newark City |
| County | Essex |
| State | NJ |
| Zip Code | 07108-1120 |
Amenities
| Utilities | Electric, Gas-Natural |
|---|---|
| Parking Spaces | 4 |
| Parking | On-Street Parking, 2 Car Width, Additional Parking, Concrete, Driveway-Exclusive, Fencing |
| # of Garages | 2 |
| Garages | Attached Garage, Garage Under, Oversize Garage |
Interior
| Interior Features | Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, High Ceilings, Vinyl-Linoleum Floors, Intercom, Shades, Walk-In Closet |
|---|---|
| Heating | Gas-Natural, Electric |
| Has Basement | No |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Privacy Fence, Patio |
| Roof | Asphalt Shingle |
School Information
| Elementary | HAWTHORNE |
|---|---|
| Middle | HAWTHORNE |
| High | TECHNOLOGY |
Additional Information
| Date Listed | August 16th, 2025 |
|---|---|
| Days on Market | 71 |
| Zoning | Residential |
Listing Details
| Office | REAL |
|---|---|
| Contact Info | 732-616-2060 |