Parking1 Car Width, Driveway-Shared, On-Street Parking
Year Built1906
HeatingNatural Gas
CoolingNone
BasementYes
MLS #3933690
Lot Size0.07 Acres
StatusActive
About 874 S 16th St
Are you looking for an incredible investment opportunity or a multi-family home with income potential? Look no further! This well-maintained, 3-family property in the heart of Newark offers the perfect balance of convenience, space, and value. Whether you're an investor or looking to live in one unit while renting out the others, this property has endless possibilities. Property Features:3 separate, spacious units with great layouts- Large living rooms, well-sized bedrooms, and plenty of closet space. Fully equipped kitchens with modern appliances, separate utilities for each unit ? easy management and cost savings. Shared driveway with 2 car garage, plus off-street parking with ample space. Well-kept interior & exterior with a welcoming front porch. Easy access to major highways, including I-78, NJ Turnpike, and Garden State Parkway. This property offers strong rental potential, with steady demand for quality rental units in the area. Whether you're expanding your real estate portfolio or looking for a new place to call home, this is an opportunity you don't want to miss!
Property Details
Property Features
Property Information:
Architectural Style: 3-Three Story
Year Built: 1906
Listing Office:
Office Name: JEANIUS REALTY
Office Phone: (908) 349-8770
Interior Features
Interior Information:
Appliances: Refrigerator
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 7
Exterior Features
Parking Information:
Parking: 1 Car Width, Driveway-Shared, On-Street Parking
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: None
Other
Directions Information:
Directions: South Orange Avenue, to S17th to S18th.
Price Information
Listing Price Info
Price Summary:
List Price: $555,000
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Housing Market Comparison
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Property Sales & Tax
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Thurgood Marshall Elementary School
141 Montgomery Ave # 181
Distance between this listing and this school0.33 miles
Public District Grades PK-5
3
/10
Berkeley Terrace Elementary School
787 Grove St
Distance between this listing and this school0.55 miles
Public District Grades PK-5
2
/10
Grove Street Elementary School
602 Grove St
Distance between this listing and this school0.82 miles
Public District Grades PK-5
Nearby Schools
2
/10
Hawthorne Avenue Elementary School
428 Hawthorne Ave
Distance between this listing and this school0.47 miles
Public District Grades KG-8
4
/10
Achieve Community Charter School
534 Clinton Ave
Distance between this listing and this school0.56 miles
Public Charter Grades KG-7
2
/10
Avon Avenue Elementary School
219 Avon Ave
Distance between this listing and this school0.64 miles
Public District Grades KG-8
Nearby Schools
5
/10
University High School
55 Clinton Pl
Distance between this listing and this school0.29 miles
Public District Grades 7-12
1
/10
Central High School
250 18th Ave
Distance between this listing and this school1.09 miles
Public District Grades 9-12
5
/10
Team Academy Charter School
60 Park Pl Ste 802
Distance between this listing and this school1.10 miles
The neighbors living near this home have an average income of $27,391. The majority of Newark, NJ residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
This home is located at 874 S 16th St in Newark City, NJ and zip code 07108 in the South Ward neighborhood. This home, which was built in 1906, sits on a 0.07 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $555,000.
In October 2024 more than 24 listings in Newark, NJ were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 7 were sold below. The number of listings in Newark, NJ increased by 25.4% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $396,125 during the same period.
From Rocket Homes Real Estate and based on county public records data.