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858 S 16Th St, Newark, NJ, 07108

9beds
8baths
29,997sqft
$899,000
$30price/sqft
$9,929/moest. monthly cost
$397,160/yrincome needed

About This Home

Rare opportunity to own a fully renovated 2-family home with exceptional bonus space and flexibility. Property features a spacious finished attic with full bath and 2 versatile rooms, plus a finished basement with private entrance, 3 additional rooms, and a full bath, offering an impressive amount of usable space for recreation, workspace, guest use, storage, or other permitted uses. Each main unit offers 3 bedrooms, 3 full baths, full kitchen, living area, and in-unit laundry. Renovated approximately 1 year ago, the home showcases central heat and central AC, granite countertops, stainless steel appliances, ceramic tile baths, and modern fixtures. Each unit also includes 2 bedrooms with en-suite baths and walk-in closets. Outside features include a large private driveway with parking for up to 6 cars, plus a huge 3-car garage. Conveniently located near major transportation, highways, and Downtown Newark. Buyer to verify all information and permitted uses.

Getting Around

75
WalkingVery Walkable
63
TransitGood Transit
49
BikeSomewhat Bikeable

Schools

1/10
Central High SchoolGrades 9-121.0 mi
1/10

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Microwave,Range/Oven - Gas,Refrigerator,Washer/Dryer Stacked,Microwave Oven,Stackable Washer/Dryer,Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 8
  • Full bathrooms: 8

Features

  • Walk-In Closet(s),Bedrooms,Kitchen,Living Room,Living/Dining Room,Master Bedroom

Heating & Cooling

  • Heating features: 2 Units,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 29,997
  • Total interior livable area: 29,997 sqft

Property

Details

  • Parcel number: 1614030110000000810000

Features

  • Levels: 3-Three Story
  • Stories: 3
  • Fencing: Metal Fence

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 47.10 x 100

Parking

  • Total spaces: 4
  • Parking features: 2 Car Width,Asphalt,Enclosed,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,545$54,540
Home Insurance *$505$6,060
Property Taxes $1,573$18,876
Electricity $3,306$39,680
Total$9,929$119,148
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$340,422/yr
40% on housing$297,870/yr
45% on housing$264,773/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$30This listing

vs Other Active Listings

Avg $/sqft

ZIP 07108$255
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07108$264
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-09Listed for sale$920,000
2025-04-02Sold$825,000
2024-08-26Pending sale$795,000
2024-08-15Listed for sale$795,000

For Sale by Agent

AgentRoberto Godoy
BrokerageRosa Agency

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