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896-898 S 16Th St, Newark, NJ, 07108

8beds
5baths
0sqft
$799,999
--price/sqft
$6,086/moest. monthly cost
$243,440/yrincome needed

About This Home

Discover an exceptional investment opportunity with this expansive 2 unit residence with bonus space,2 renovated additional bedrooms and full bath in the ground floor, 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.

Getting Around

75
WalkingVery Walkable
63
TransitGood Transit
49
BikeSomewhat Bikeable

Schools

1/10
Central High SchoolGrades 9-121.1 mi
1/10

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Bedrooms,Dining Room,Kitchen,Living Room,Attic

Heating & Cooling

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

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614030110000000620000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 50 x 100

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width,See Remarks
  • Uncovered spaces: 2