14-16 Hazel Place, Newark, NJ 07108 - Photo 1

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$898,000

For Sale
Under Contract
Multi-Family
8 Total Beds
Updated 4 days ago

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Property Description

Fully renovated 4-family income-producing property for sale at 14-16 Hazel Pl in Newark, NJ, located in a high-demand Essex County rental market. This turnkey multi-family investment features updated kitchens, modern bathrooms, contemporary finishes, and spacious layouts throughout. Separate utilities provide efficiency and added value for investors. Strong rental income potential with current rents offering upside for future growth, making this an ideal value-add opportunity with long-term appreciation. The property also includes a large, clean, finished basement providing additional usable space for storage or common area use. Conveniently located near NJ Transit bus lines, Newark Penn Station, major highways, shopping, and local amenities with easy access to New York City commuter routes. A rare opportunity to acquire a renovated 4-unit building with strong cash flow potential in the Newark NJ housing market.

Full Property Details

Full Property Details for 14-16 Hazel Pl

General

Price: $898,000
Taxes: $10,797
Status: Under Contract
Type: Multi-Family
Source: NJMLS
MLS ID: 26007239
Updated: 6/8/2026
Added to Site: 100 day(s) ago

Interior

Number of Rooms: 12

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Other Rooms

Laundry: None

Additional Information

Other Features: Other

Location

Area: Newark
County: ESSEX

Utilities

Utility Description: Sep Elec, Sep Gas, Sep Heat

Structural Information

Architectural Style: 4 Family
Description/Design: Other

Financial Considerations

For Sale: Yes
For Sale/Rent/Lease: For Sale
Tax Amount: $10,797

Listed by RE/MAX Professionals 1 (973) 450-4000, Jorge Velasquez (973) 450-4000

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Listing agent

— 14-16 Hazel Pl —

Jorge Velasquez

RE/MAX Professionals 1

973-450-4000

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NMLS#: 1598647

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Schools

Schools serving 14-16 Hazel Pl

School District:Newark City School District

Name	Grades	Distance
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	0.3 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	0.4 mi
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112	K-8	0.5 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	0.7 mi
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112	9-12	1 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	1 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.3 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions 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

5/19/2026

Price Reduced

$898,000

-0.21%

MLS

3/05/2026

Listed

$899,900

49.98%

MLS

7/25/2024

Sold

$600,000

—

Public Record

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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

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

$224,600

—

2018

$8,294

-2%

$224,600

—

2019

$8,447

$224,600

—

2017

$7,996

$224,600

—

2016

$7,726

$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

Estimate the Cost for 14-16 Hazel Pl

14-16 Hazel Place, Newark, NJ 07108 (MLS# 26007239) is a Multi-Family property with units containing 8 bedrooms and 4 full bathrooms. 14-16 Hazel Place is currently listed for $898,000 and was received on March 05, 2026. Want to learn more about 14-16 Hazel Place? 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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14-16 Hazel Pl Newark, NJ 07108