$790,000

470 S 16th St Newark, NJ 07103

$9,381
Closing credit¹
6 beds
4 full, 1 partial
Multi-Family

Property details

About 470 S 16th St

Welcome to this modern contemporary multi-family home that constructed in 2022 with 3 years left of tax abatement in Newark! Unit 1 features 3 bedrooms, 2.5 bathrooms, While unit 2 offer 3 bedrooms and 2 full baths, beautiful wood flooring, and an updated kitchen and built-in cabinets. Situated in a prime location with excellent public transportation options, the property is perfect for both homeowners and investors. With nearby schools, shopping, and a walkable neighborhood, it combines style, functionality, and accessibility. Don't miss the opportunity to own this exceptional home! Photos were taken before the tenants moved in.

Highlights

Home typeMulti Family
StatusActive
MLS #24036021
Garage1 space

Summary

  • MLS Number: 24036021
  • Office Name: EXP Realty, LLC
  • Office Phone: (866) 201-6210
  • Listing Agent: Peter Boutros

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of building exterior with a garage

$790,000

470 S 16th St

$9,381

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 24, 2022
Home Sold
$500,000

Tax history

YearAssessmentProperty Tax
2024$344,300$-
2022$344,300$1,168
2021$31,300$1,168
2020$31,300$-
2019$31,300$-

History based on county public records data.

Nearby schools

2

Harriet Tubman Elementary School

Public District PK-6

0.4 mi

504 S 10th St

2

Grove Street Elementary School

Public District PK-5

0.4 mi

602 Grove St

2

University Elementary School

Public District PK-5

0.8 mi

1 University Pl

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $36,442. Typical income of Newark, NJ residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

49%
<35k
34%
35k-100k
16%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

46%
Single, No Kids
34%
Single, with Kids
8%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

20%
<11 yrs old
12%
12-17 yrs old
25%
18-34 yrs old
36%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • BurlingtonBurlington
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • White CastleWhite Castle
  • Jack In The BoxJack In The Box

What do the neighbors drive?

  • DodgeDodge
  • KiaKia
  • NissanNissan

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 470 S 16th St in Newark, NJ and zip code 07103 in the West Ward neighborhood. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 10, 2024 and is currently priced at $790,000.

In January 2025 in Newark, NJ there were 14.9% more homes for sale than in December. In January 2025 median list price was $498,990 and the average listing age was 104 days.

From Rocket Homes Real Estate and based on county public records data.

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