1 month on rocket

470 S 16th St, Newark, NJ, 07103

$790,000

Home List Price

$9,381*

Closing Credit

6 Bedrooms
4 Full Baths, 1 Partial
Multi

Location

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470 S 16th St, Newark$790,000

Buyer Closing Credits

$9,381*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Garage1 space
MLS #24036021
StatusActive

About 470 S 16th St

Welcome to this modern contemporary multi-family home that constructed in 2022 with 3 years left of tax abatement in Newark! Unit 1 features 3 bedrooms, 2.5 bathrooms, While unit 2 offer 3 bedrooms and 2 full baths, beautiful wood flooring, and an updated kitchen and built-in cabinets. Situated in a prime location with excellent public transportation options, the property is perfect for both homeowners and investors. With nearby schools, shopping, and a walkable neighborhood, it combines style, functionality, and accessibility. Don't miss the opportunity to own this exceptional home! Photos were taken before the tenants moved in.

Property Details

Property Features

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (866) 201-6210
  • Listing Agent: Peter Boutros

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 1 space

Price Information

Listing Price Info

Price Summary:

  • List Price: $790,000

Tax Information:

  • Annual Amount: $881
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

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Newark, NJ

City

Med. Sold Price

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

470 S 16th St vs Newark

56 DAYS ON ROCKET

+25 Days

$790,000

+$350K More

KEY TAKEAWAY

This property is $350K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #24036021

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (866) 201-6210
  • Listing Agent: Peter Boutros

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 10:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$881$31,300
2019 - $31,300
2018 - $31,300
2017 - $31,300

History based on county public records data.

Payment Calculator

$4,010

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,435

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-523470
2
/10

  • Harriet Tubman Elementary School

  • 504 S 10th St

  • 0.42 miles

  • Public District Grades PK-6

school-card-donut-523471
2
/10

  • Grove Street Elementary School

  • 602 Grove St

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-523472
2
/10

  • University Elementary School

  • 1 University Pl

  • 0.84 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,442. Most Newark, NJ residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07103›470 S 16th St

This home is located at 470 S 16th St in Newark, NJ and zip code 07103 in the West Ward neighborhood. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $790,000.

In December 2024, from all listings sold in Newark, NJ there were more than 17 sold above asking price, over 8 sold below and more than 6 were sold right at the asked price. The number of homes for sale in Newark, NJ increased by 10.8% between November 2024 and December 2024. In December 2024 median list price was $440,000 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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