$885,000

901-903 S 16th St Newark, NJ 07108

Clinton Hill Neighborhood

Estimated payment $5,527/month

Total Views 4,318
7 Beds
4.5 Baths
3,621 Sq Ft
$244 Price per Sq Ft

About This Home

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 Agent

Vivian Kelly

Real Broker, LLC License #2075503 Listed on: 08/17/2025

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 35 x 100

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 3,621 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms

Schools

  • Ivy Hill Elementary School
  • West Side High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Personal belongings
  • Assessor Parcel Number 14-03012-0000-00037

Property Details

Home Type

Multi-Family

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 2020
  • Contract Info List PriceSqFt: 244.41
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • General Property Info Lot Dimensions: 35 x 100
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 2 Washer Hookup2: Yes
  • Cooling 2 Zoned AC: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Stories: 3
  • BasementOther: Yes

Exterior Features

  • Acres: 0.08
  • Waterfront: No
  • Exclusions: Personal belongings

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: Yes

Utilities

  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 35 x 100
  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 14-03012-0000-00037

Tax Info

  • Tax Year: 2024
  • Tax Other Annual Assessment Amount: 340500.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Ivy Hill
  • High School: West Side

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 -- $340,500 $12,500 $328,000
2024 -- $340,500 $12,500 $328,000
2022 $15,095 $340,500 $12,500 $328,000
2021 $12,031 $322,200 $12,500 $309,700
2020 $475 $12,500 $12,500 $0
2019 $470 $12,500 $12,500 $0
2018 $462 $12,500 $12,500 $0
2017 $445 $12,500 $12,500 $0
2016 $430 $12,500 $12,500 $0
2015 $414 $12,500 $12,500 $0
2014 $388 $12,500 $12,500 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 Price Changed $885,000 -1.1% $244 / Sq Ft
08/17/2025 08/17/25 For Sale $895,000 -- $247 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed $580,000 Old Republic National
Deed $65,000 None Available
Deed $146,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $569,494 FHA
Previous Owner $3,342,215 Commercial
Source: Public Records

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22524939

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 14-03012-0000-00037

New Jersey Essex County Newark 07108 Clinton Hill

901-903 S 16th St, Newark, NJ

For Sale

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.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Vivian Kelly
Listing Agent
Vivian Kelly
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Real Broker, LLC
(201) 684-9825