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Listed price in listed location currency (USD).
$650,000

950

MLS® 4011243

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $6,026
Days Active 0
Lot Size 0.06 acres
Approx. Age 1915
MLS® Number 4011243

Property Address: 472 S 16th St, Newark, NJ, 07103-1609

Average square foot calculated using Size range provided by listing agent.

Description

3-Family Investment Property offering 9 bedrooms / 5 full baths. Renovated in 2019 with impeccable hardwood floors throughout. Separate utilities, including 3 individual HVAC systems. Semi-finished basement with separate entrance. All units have similar floor plans; However, units 2 and 3 come with primary bedrooms with en-suite / private baths. Kitchens are generously sized with expansive cabinetry and ample countertop space, featuring true eat-in layouts that accommodate dining areas. All five bathrooms include shower stalls and soaking tubs. Basement is standing height, full size, and offers substantial space with potential for additional use. The current rent roll is $5, 400 per month; however, projected market rents support approximately $7, 500 per month, equating to $90, 000 annually. With annual taxes of approximately $6, 026 the property offers strong income potential and significant upside for improved cash flow and return on investment. Proximity to NYC trains and buses. Approximately 7 minutes to Newark International airport and 20 minutes to Midtown NYC
MLS® Number4011243
Laundry Level
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageNo
Approx. Age1915
BasementFinished-Partially, Full, Walkout
DrivewayOn-Street Parking
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
472 S 16 Th St, Newark, NJ

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