760 S 16th St, Newark, NJ 07103 - Photo 1

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$350,000 Just Listed

For Sale
Active
Lots/Land
0.06 Acres
Updated 1 day ago

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Property Description

Prime opportunity in one of Newark?s fastest-growing neighborhoods, surrounded by ongoing development and rising property values. This lot will be delivered completely shovel-ready?cleared, with flow test completed, and fully approved architectural plans included for a modern 3-family home.The plans feature an impressive layout with 8 bedrooms, 5 full bathrooms, and a 2-car garage, designed for strong rental income and long-term value. Best of all, the project requires no variances, saving you significant time, cost, and uncertainty.With comparable 3-family homes in the area achieving ARVs between $1,000,000 and $1,100,000, this is a compelling opportunity for investors and builders alike. Start building immediately upon closing?no demolition, no delays.

Full Property Details

Full Property Details for 760 S 16th St

General

Price: $350,000
Taxes: $3,999 (2025)
Status: Active
Type: Lots/Land
Source: Garden_State
MLS ID: 4021058
Updated: 4/16/2026
Added to Site: 2 day(s) ago

Location

County: Essex
Driving Directions: Springfield Ave to S 16th St
Total Lots Available: 1

Utilities

Sewer: Public Sewer in Street
Water: Public Water in Street

Lot Features

Lot Size (Acres): 0.06
Lot Size: 25X100
Street/Road Desc.: Blacktop/Asphalt Road
Zoning: R3, Residential Multi-Family

Financial Considerations

Assessment Amount: $100,000
Improve Assmt: $68,700
Land Assmt: $31,300
Tax Amount: $3,999
Tax Year: 2025

Disclosures and Reports

Surveyed: Yes
Block: 2635
Lot Number: 42

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Schools

Schools serving 760 S 16th St

School District:Newark City School District

Name	Grades	Distance
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	0.7 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	0.8 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	0.9 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	0.9 mi
West Side High School 403 South Orange Avenue, Newark, NJ 07103	9-12	1 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1.2 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1.1 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	1.2 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 760 S 16th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/15/2026

Listed

$350,000

62.79%

MLS

1/30/2026

Sold

$215,000

—

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 760 S 16th St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$3,803

$100,000

—

2022

$3,736

—

$100,000

—

2021

$3,734

33%

$100,000

—

2021

$2,815

-58%

$100,000

-44%

2019

$6,770

-45%

$180,000

-46%

2018

$12,250

$331,700

—

2017

$11,809

$331,700

—

2016

$11,410

$331,700

—

2015

$10,976

12%

$331,700

—

2013

$9,795

—

$331,700

—

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 760 S 16th St

760 S 16th St, Newark, NJ 07103 (MLS# 4021058) is a Lots/Land property with a lot size of 0.06 acres. 760 S 16th St is currently listed for $350,000 and was received on April 15, 2026. Want to learn more about 760 S 16th St? Do you have questions about finding other Lots/Land 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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760 S 16th St Newark, NJ 07103