760 S 16th St Newark, NJ 07103
West Side NeighborhoodEstimated payment $2,189/month
About This Lot
Prime opportunity in one of Newark?s fastest-growing neighborhoods, surrounded by ongoing development and rising property values. This lot will be delivered completely shovel-ready?cleared, with flow test completed, and fully approved architectural plans included for a modern 3-family home.The plans feature an impressive layout with 8 bedrooms, 5 full bathrooms, and a 2-car garage, designed for strong rental income and long-term value. Best of all, the project requires no variances, saving you significant time, cost, and uncertainty.With comparable 3-family homes in the area achieving ARVs between $1,000,000 and $1,100,000, this is a compelling opportunity for investors and builders alike. Start building immediately upon closing?no demolition, no delays.
Listing Agent
KELLER WILLIAMS PARK VIEWS Brokerage Phone: (973) 704-3634 Listed on: 04/15/2026
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,999
Lot Details
- 2,614 Sq Ft Lot
- Property is zoned R3
Listing and Financial Details
- Assessor Parcel Number 1614-02635-0000-00042-0000-
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 | $3,803 | $100,000 | $31,300 | $68,700 |
| 2024 | $3,728 | $100,000 | $31,300 | $68,700 |
| 2022 | $3,736 | $100,000 | $31,300 | $68,700 |
| 2021 | $3,734 | $100,000 | $31,300 | $68,700 |
| 2020 | $3,800 | $100,000 | $31,300 | $68,700 |
| 2019 | $6,770 | $180,000 | $31,300 | $148,700 |
| 2018 | $12,250 | $331,700 | $31,300 | $300,400 |
| 2017 | $11,809 | $331,700 | $31,300 | $300,400 |
| 2016 | $11,410 | $331,700 | $31,300 | $300,400 |
| 2015 | $10,976 | $331,700 | $31,300 | $300,400 |
| 2014 | $10,286 | $331,700 | $31,300 | $300,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2026 04/15/26 | For Sale | $350,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $215,000 | Elite Title | |
| Deed | $360,000 | None Listed On Document | |
| Warranty Deed | $59,850 | -- | |
| Quit Claim Deed | -- | First American Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,386,000 | Construction | |
| Previous Owner | $120,250 | Commercial |
Source: Garden State MLS
MLS Number: 4021058
APN: 14-02635-0000-00042
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Ask me questions while you tour the home.