Newark City, NJ 07108,874 S 16th St
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$ 555,000
Est. payment | /mo

7 Beds

5 Baths

3,049 Sqft Lot


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$ 555,000
Est. payment | /mo
Save

7 Beds

5 Baths

3,049 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3933690

Style 3-Three Story

Bedrooms 7

Full Baths 5

Year Built 1906

Tax Year 2023

Lot Size 3,049 Sqft

Property Description

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!

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Wood Shingle

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Garden State MLS(GSMLS)
Listed by JEANIUS REALTY

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874 S 16th St