896-898 S 16th St, Newark City, NJ 07108

List Price
$799,999
Status
ACTIVE UNDER CONTRACT
MLS#
4024869
Bedrooms
8
Bathrooms
5
County
Essex
City
Newark City
Year Built
2007

Property 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.

Additional Information

Taxes
$10,937

Mortgage Calculator

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Listing Courtesy Of RE/MAX NEW MILLENNIUM GROUP, Contact: