1. New Jersey
2. Newark
3. 901-903 S 16th Street

901-903 S 16th Street, Newark, NJ 07108

• 3,621 sqft

Property Description

Built in 2020, this modern multi-unit offers both immediate rental income and future potential. Currently configured as a legal two-unit and zoned with permits approved for three-unit use, this property is ideal for investors or owner-occupants. Unit 1 is vacant and includes access to the basement, which has the potential to be converted into a third legal unit with construction plans included. Unit 2 is tenant-occupied, generating $2,600 per month, including $100 for driveway parking. One year of tax abatement remains, providing reduced expenses and more substantial cash flow. Additional features include an oversized garage with off-street parking, newer construction w/updated systems and modern finishes, and a prime Newark location near schools, shopping & public transportation to NYC.

Listing Status:

Active

Date Added:

August 16, 2025 at 05:00AM

Listing Office:

REAL : 855-450-0442

Listing Agent:

VIVIAN D. KELLY :

MLS ID:

2604868R

Interior

• General: Unit 1(Dining Room4 BedroomsKitchenLaundry Hookup1 1/2 Baths2+ BathsDen/Family Room)Unit 2(Dining Room3 BedroomsKitchenLaundry Hookup1 1/2 Baths2+ BathsDen/Family Room)
• Appliances: Water Heater(Gas)Water HeaterUnit 1(Range/OvenRefrigerator)Unit 2(Range/OvenRefrigerator)
• A/C: A/C Central - AllA/C Multi-ZoneUnit 1(A/C Central)Unit 2(A/C Central)
• Heating: Forced Air

Exterior

• General: PatioScreen/Storm WindowYard
• Parking: GarageBuilt-In Garage3-4 Car Parking

Construction

• Roofing: Asphalt
• Windows: Screen/Storm Window
• General: 3

Location

• Originating MLS: CJMLS API
• County: Essex

Lot

• Zoning: 1403012000000037

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CJMLS API

This listing courtesy of VIVIAN D. KELLY, REAL