16 Alexander St Newark, NJ 07106
Lower Vailsburg NeighborhoodEstimated payment $4,564/month
About This Home
Welcome to this spacious 3-unit property, perfect for investors or owner-occupants seeking strong rental income potential. Unit 1 offers 2 bedrooms and 1 bathroom, while Units 2 and 3 each feature 3 bedrooms and 1 bathroom, all designed with functional layouts for comfortable living. The property is enhanced with updated flooring, ample natural light, and generous kitchen spaces complete with wood cabinetry and modern finishes. The exterior showcases classic charm with a fenced front yard and a welcoming entryway, while the prime location near shopping, dining, schools, and major transportation routes ensures both convenience and long-term investment growth. Whether you're looking to generate steady rental income or live in one unit while renting out the others, this property is a must-see!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,979
Lot Details
- 3,755 Sq Ft Lot
Home Design
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Listing and Financial Details
- Legal Lot and Block 12 / 4057
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,743 | $315,000 | $18,600 | $296,400 |
| 2024 | $11,743 | $315,000 | $18,600 | $296,400 |
| 2022 | $11,768 | $315,000 | $18,600 | $296,400 |
| 2021 | $11,762 | $315,000 | $18,600 | $296,400 |
| 2020 | $7,068 | $186,000 | $18,600 | $167,400 |
| 2019 | $6,995 | $186,000 | $18,600 | $167,400 |
| 2018 | $6,869 | $186,000 | $18,600 | $167,400 |
| 2017 | $6,622 | $186,000 | $18,600 | $167,400 |
| 2016 | $6,398 | $186,000 | $18,600 | $167,400 |
| 2015 | $6,155 | $186,000 | $18,600 | $167,400 |
| 2014 | $5,768 | $186,000 | $18,600 | $167,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/16/2025 10/16/25 | Price Changed | $680,000 | -3.5% | -- | |
| 09/20/2025 09/20/25 | For Sale | $705,000 | +39.6% | -- | |
| 05/04/2023 05/04/23 | Sold | $505,000 | +1.0% | -- | View Prior Sale |
| 03/20/2023 03/20/23 | Pending | -- | -- | -- | |
| 02/14/2023 02/14/23 | For Sale | $500,000 | +31.6% | -- | |
| 03/04/2020 03/04/20 | Sold | $379,900 | 0.0% | -- | View Prior Sale |
| 12/01/2019 12/01/19 | Pending | -- | -- | -- | |
| 11/18/2019 11/18/19 | For Sale | $379,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $505,000 | None Listed On Document | |
| Deed | $379,900 | Sunnyside Title Agency Llc | |
| Deed | $255,000 | -- | |
| Deed | $205,000 | -- | |
| Deed | $126,000 | -- | |
| Deed | $150,000 | -- | |
| Deed | $150,000 | -- | |
| Deed | $28,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $495,853 | FHA | |
| Previous Owner | $373,018 | FHA | |
| Previous Owner | $194,750 | No Value Available | |
| Previous Owner | $154,650 | FHA | |
| Previous Owner | $147,682 | FHA | |
| Previous Owner | $148,773 | FHA | |
| Closed | $0 | New Conventional |
Source: New Jersey MLS
MLS Number: 25034304
APN: 14-04057-0000-00012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
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