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$879,999

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
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Back to the market. Discover an exceptional investment opportunity with this expansive three-family residence, 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 for 896-898 S 16th St

General

  • Price: $879,999
  • Taxes: $10,401 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3979251
  • Updated: 1/2/2026
  • Added to Site: 166 day(s) ago

Interior

  • Number of Rooms: 13

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 8

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Built-In Garage

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

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: See Remarks
  • Roof: Asphalt Shingles
  • Year Built: 2007
  • Remodeled/Updated: 2025

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Living Room, See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Dining Room, Kitchen, Living Room, See Remarks
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Dining Room, Kitchen, Living/Dining Room, See Remarks
  • Levels/Stories: 3
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 50 x 100
  • Driveway/Sidewalk: 2 Car Width

Financial Considerations

  • Assessment Amount: $259,100
  • Land Assmt: $14,400
  • Tax Amount: $10,401
  • Tax Year: 2024

Disclosures and Reports

  • Block: 3011
  • Lot Number: 62

Listed by Re/Max New Millennium Group

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Listing agent

— 896-898 S 16th St —

  • Re/Max New Millennium Group

908-282-1234

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 896-898 S 16th St

School District:Newark City School District
NameGradesDistance
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-60.4 mi
South Seventeenth Street Elementary School
619 South 17th Street, Newark, NJ 07103
K-40.7 mi
George Washington Carver Elementary School
333 Clinton Place, Newark, NJ 07112
PK-80.8 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.9 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-81 mi
Chancellor Avenue Elementary School, Newark, NJ
321 Chancellor Avenue, Newark, NJ 07112
3-81.1 mi
Louise A. Spencer Elementary School
66 Muhammad Ali Avenue, Newark, NJ 07108
PK-81.3 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-81.5 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-81.5 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 896-898 S 16th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/04/2025
Listed
$879,999
105.13%
MLS
9/27/2007
Sold
$429,000
—
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 896-898 S 16th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,401
2%
$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 for 896-898 S 16th St

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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

Get Pre-Approved

Listed by Re/Max New Millennium Group

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896-898 S 16th Str, Newark, NJ 07108 (MLS# 3979251) is a Multi-Family property with 2 units containing 8 bedrooms and 5 full bathrooms. 896-898 S 16th Str is currently listed for $879,999 and was received on August 04, 2025. Want to learn more about 896-898 S 16th Str? 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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