896 S 16th St,Newark City, NJ 07108
Newark City, NJ 07108
Description
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.
Details
| MLS # | 4024869 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract Cont. To Show |
| Year | 2007 |
| Days On Site | 157 |
| Listing Provided By | RE/MAX NEW MILLENNIUM GROUP | RICHARD OVEDHE |
Features
| Bath(s) | 5 Total |
|---|
Taxes
| Property | 10937 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07108 |
| Area | Essex |
| Listing VS Median (in 07108) | |
Price: $799,999 low | high Med: $450,000 On site: 157 low | high Med: 49 | |
Market Activity 07108
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07108 |
| Area | Essex |
| Listing VS Median (in 07108) | |
Price: $799,999 low | high Med: $450,000 On site: 157 low | high Med: 49 | |
