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$899,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 1 day ago
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Fully renovated 2025 four-family income-producing property located at 14-16 Hazel Pl in Newark, NJ. This turnkey asset offers strong upside rental income potential in a high-demand Essex County rental market. The building features updated kitchens, modern bathrooms, contemporary finishes, and spacious layouts throughout. Separate utilities provide operational efficiency and added value for investors. Current rents allow for significant future income growth, creating an excellent value-add opportunity with long-term appreciation potential.Property also includes a large, clean, finished basement offering additional usable space for storage or common area use. Conveniently located near public transportation, major highways, shopping, and local amenities. Rare opportunity to acquire a renovated 4-unit building with strong cash flow potential in an established Newark rental corridor.

Full Property Details for 14-16 Hazel Pl

General

  • Price: $899,900
  • Taxes: $10,797 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4012834
  • Updated: 3/5/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Location

  • County: Essex
  • Driving Directions: W Runyon St. to Hazel Pl

Heating & Cooling

  • Cooling Type: 4+ Units, Wall A/C Unit(s)
  • Heating Type: 4+ Units, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Available
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Architectural Style: Fourplex, See Remarks
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Finished
  • Roof: Flat
  • Year Built: 1922
  • Remodeled/Updated: 2025

Unit Information

Unit 1

  • Unit Description: Bedrooms, Kitchen, See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Kitchen, See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Kitchen, See Remarks
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Bedrooms, Kitchen, See Remarks
  • Levels/Stories: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 50 x 110
  • Driveway/Sidewalk: Additional Parking, Concrete, Driveway-Exclusive, Off-Street Parking

Financial Considerations

  • Assessment Amount: $234,200
  • Land Assmt: $35,800
  • Tax Amount: $10,797
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures: Yes
  • Block: 3027
  • Lot Number: 48

Listed by Re/Max Professionals I

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Listing agent

— 14-16 Hazel Pl —

  • Re/Max Professionals I

973-450-4000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 14-16 Hazel Pl

School District:Newark City School District
NameGradesDistance
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.3 mi
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-60.4 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-80.5 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-120.7 mi
Weequahic High School
279 Chancellor Avenue, Newark, NJ 07112
9-121 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-121 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-61 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-81.3 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-81.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14-16 Hazel Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/05/2026
Listed
$899,900
49.98%
MLS
7/25/2024
Sold
$600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 14-16 Hazel Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,379
48%
$270,000
20%
2022
$8,391
—
$224,600
—
2021
$8,387
-2%
$224,600
—
2020
$8,535
3%
$224,600
—
2018
$8,294
-2%
$224,600
—
2019
$8,447
6%
$224,600
—
2017
$7,996
3%
$224,600
—
2016
$7,726
4%
$224,600
—
2015
$7,432
12%
$224,600
—
2013
$6,632
—
$224,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 14-16 Hazel Pl

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Re/Max Professionals I

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14-16 Hazel Pl, Newark, NJ 07108 (MLS# 4012834) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 14-16 Hazel Pl is currently listed for $899,900 and was received on March 05, 2026. Want to learn more about 14-16 Hazel Pl? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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