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$799,999
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Property Description
Discover an exceptional investment opportunity with this expansive 2 unit residence with bonus space,2 renovated additional bedrooms and full bath in the ground floor, ideally situated on an oversized lot just steps from I-78, the Garden State Parkway, and key transit options. Boasting impressive square footage and a prime location near downtown Newark, this property is perfectly suited for both owner-occupants and seasoned investors seeking strong rental potential. Each of the three generously sized units features high ceilings, abundant natural light, and versatile floor plans that offer both comfort and character. The rare, extra-large lot provides valuable outdoor space ideal for private parking, gardening, or future enhancements making it a true asset in an urban setting. Located within walking distance to NJ Transit, major highways, parks, retail centers, and educational institutions, this home stands out as a premier multi-family. Don't miss this rare chance to own a high-performing property with endless upside in the heart of the city.
Full Property Details
Full Property Details for 896-898 S 16th St
General
- Price: $799,999
- Taxes: $10,937 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4024869
- Updated: 5/8/2026
- Added to Site: 67 day(s) ago
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Location
- County: Essex
- Driving Directions: Please use google maps.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground, Natural Gas, See Remarks
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Vinyl Siding
- Roof: Asphalt Shingles
- Year Built: 2007
- Remodeled/Updated: 2026
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Unit Description: Attic, Bedrooms, Dining Room, Living Room
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.11
- Lot Dimensions: 50 x 100
- Driveway/Sidewalk: 2 Car Width, See Remarks
Financial Considerations
- Assessment Amount: $259,100
- Land Assmt: $14,400
- Tax Amount: $10,937
- Tax Year: 2025
Disclosures and Reports
- Block: 3011
- Lot Number: 62
Listed by Re/Max New Millennium Group
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Schools
Schools serving 896-898 S 16th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112 | K-6 | 0.4 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 0.9 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.1 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.1 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 1.1 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 1 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.2 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 1.5 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 896-898 S 16th St
Date
Details
Price
Change
Source
4/30/2026
Listed
$799,999
86.48%
MLS
9/27/2007
Sold
$429,000
—
Public Record
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 896-898 S 16th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,937
7%
$273,500
—
2022
$10,218
—
$273,500
—
2021
$10,212
33%
$273,500
—
2021
$7,699
-24%
$273,500
—
2018
$10,100
4%
$273,500
—
2017
$9,737
3%
$273,500
—
2016
$9,408
4%
$273,500
—
2015
$9,050
-12%
$273,500
—
2019
$10,286
27%
$273,500
—
2013
$8,076
—
$273,500
—
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 896-898 S 16th St
896-898 S 16th St, Newark, NJ 07108 (MLS# 4024869) is a Multi-Family property with 2 units containing 8 bedrooms and 5 full bathrooms. 896-898 S 16th St is currently listed for $799,999 and was received on April 30, 2026. Want to learn more about 896-898 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.

