Discover an exceptional investment opportunity with this expansive three-family residence, 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.
Active
Street View
$879,999
896-898 S 16Th Str, Newark City, NJ 07108
8beds
--sqft
Est.:
Multi Family
Built in 2007
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 5 hours
- on Zillow |
- 21 |
- 0 |
Zillow last checked: 16 hours ago
Listing updated: 16 hours ago
Listed by:
Richard Ovedhe 908-282-1234,
Re/Max New Millennium Group
Source: GSMLS,MLS#: 3979251

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- 2 Units, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range/Oven - Gas
Features
- Bedrooms, Dining Room, Living Room, See Remarks, Kitchen, Living/Dining Room
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 2
- Parking features: 2 Car Width, Built-In Garage
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 4,791.6 Square Feet
- Dimensions: 50 x 100
Details
- Parcel number: 1614030110000000620000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- See Remarks
- Roof: Asphalt Shingle
Condition
- Year built: 2007
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
- Senior community: Yes
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $273,500
- Annual tax amount: $10,401
- Date on market: 8/4/2025
- Total actual rent: 0
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Loading
- Loading