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$650,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 9 Total Beds
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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

Full Property Details for 472 S 16th St

General

  • Price: $650,000
  • Taxes: $6,026 (2025)
  • Status: Under Contract
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4011243
  • Updated: 3/24/2026
  • Added to Site: 49 day(s) ago

Business

  • Business Type: Disclosed Dual Agent

Interior

  • Number of Rooms: 17
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 9

Exterior

  • Exterior Features: Sidewalk

Location

  • County: Essex
  • Driving Directions: 472 S 16th St

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: 3 Units, Forced Hot Air
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas, Cable TV Available, Fiber Optic Available

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Finished-Partially, Full, Walk-Out
  • Roof: Asphalt Shingles
  • Square Feet: 4,510
  • Year Built: 1915
  • Remodeled/Updated: 2019

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
  • Square Feet: 1300
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
  • Square Feet: 1425
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
  • Square Feet: 1425
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Dimensions: 25 x 100
  • Driveway/Sidewalk: On-Street Parking
  • Lot Description: Level Lot

Financial Considerations

  • Operating Expenses: $1
  • Assessment Amount: $119,400
  • Land Assmt: $31,300
  • Tax Amount: $6,026
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures: Yes
  • Block: 328
  • Lot Number: 39
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 472 S 16th St —

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Schools serving 472 S 16th St

School District:Newark City School District
NameGradesDistance
South Seventeenth Street Elementary School
619 South 17th Street, Newark, NJ 07103
K-40.4 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-80.5 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-80.6 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-120.3 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-121 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-121.6 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-80.6 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-60.8 mi
Lincoln Elementary School, Newark, NJ
87 Richelieu Terrace, Newark, NJ 07106
K-81.5 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 472 S 16th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$650,000
52.94%
MLS
12/03/2019
Sold
$425,000
—
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 472 S 16th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,731
2%
$150,700
—
2022
$5,630
—
$150,700
—
2021
$5,627
33%
$150,700
—
2021
$4,242
-25%
$150,700
—
2019
$5,668
2%
$150,700
—
2018
$5,565
4%
$150,700
—
2017
$5,365
3%
$150,700
—
2016
$5,184
4%
$150,700
—
2015
$4,987
7%
$150,700
—
2014
$4,673
—
$150,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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472 S 16th St, Newark, NJ 07103 (MLS# 4011243) is a Multi-Family property with 3 units containing 9 bedrooms and 5 full bathrooms. 472 S 16th St is currently listed for $650,000 and was received on February 24, 2026. This property is listed by Marvin Williams from our Maplewood Office.Want to learn more about 472 S 16th St? 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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