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Chris & Diane Egri

[email protected] +1(732) 516-8924

$ 895,000

Est. payment -/mo

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901-903 S 16Th St Newark City, NJ 07108

7 Beds

3.5 Baths

2,020 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,020 sqft

Price per Sqft $443

MLS Listing ID 3981716

Style 3-Three Story

Bedrooms 7

Full Baths 3

Half Baths 1

Year Built 2020

Tax Year 2024

Lot Size 3,484 Sqft

Property Description

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.

Location

State NJ

County Essex

Zoning Residential

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Intercom, Shades, Smoke Detector, Vinyl-Linoleum Floors, Walk-In Closet

Heating Electric, Gas-Natural

Cooling Central Air

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Attached Garage, Garage Under, Oversize Garage

Garage Spaces 2.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

Elementary Schools Hawthorne

Middle Schools Hawthorne

High Schools Technology

Others

Senior Community No

Listed by REAL

Chris & Diane Egri

Realtor® | License ID: 1538328

+1(732) 516-8924

Chris & Diane Egri

901-903 S 16Th St Newark City, NJ 07108

Key Details

Location

Interior

Exterior

Building

Schools

Others

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901-903 S 16Th St