$499,000

752 S 16th St Newark City, NJ 07103

$5,926
Closing credit¹
4 beds
2 full
0.06 acres
Multi-Family

Property details

About 752 S 16th St

Nestled in the heart of Newark, a city brimming with renewed vitality, this 2343 SF two-family home is an opportunity that combines convenience, investment potential, and accessible location. Newark is undergoing a transformative resurgence, emerging as a vibrant hub of arts, culture, and economic growth while maintaining the charm of urban living, offering the allure of city living without NYC's sky-high costs. Conveniently located near Newark Liberty International Airport, Newark Penn Station, and major transit and bus lines, this property is ideal for commuters seeking seamless connections to New York City and beyond. The world-class Prudential Center, NJPAC, and the renowned Newark Museum of Art are minutes away, providing endless entertainment and cultural experiences. With Rutgers University and top employers nearby, this home is well suited for professionals. This home features aluminum siding, open front porch, spacious 5 and 6 room apartments. It has newer boilers and water heaters, separate heat and utilities. Recently updated bath on second floor. This is your chance to invest in a property that offers not just a home but a stake in Newark's bright future. Whether you're looking for a dual-income investment or a spacious home with rental potential, this property is your opportunity to be part of Newark's exciting transformation. Act fast! Properties like this in Newark's dynamic market won't last long!

Highlights

Home typeMulti Family
HeatingMulti Unit(s), Natural Gas
StatusActive
BasementYes
Lot size0.06 Acres
Year built1913
ParkingOn-Street Parking
MLS #3942399

Summary

  • MLS Number: 3942399
  • Office Name: ERA QUEEN CITY REALTY
  • Office Phone: (908) 322-5454

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Last updated on: 2/21/2025, 3:20:48 PM 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 front of house featuring a porch

$499,000

752 S 16th St

$5,926

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

3

Berkeley Terrace Elementary School

Public District PK-5

0.5 mi

787 Grove St

4

Thurgood Marshall Elementary School

Public District PK-5

0.5 mi

141 Montgomery Ave # 181

2

Grove Street Elementary School

Public District PK-5

0.6 mi

602 Grove St

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 $23,077. Residents of Newark City, NJ typically earn less than $<35k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

59%
<35k
36%
35k-100k
5%
100k-200k
0%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

45%
Single, No Kids
30%
Single, with Kids
10%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
38%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

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

Where do the neighbors go to eat?

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

What do the neighbors drive?

  • KiaKia
  • DodgeDodge
  • 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 752 S 16th St in Newark City, NJ and zip code 07103 in the West Ward neighborhood. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 10, 2025 and is currently priced at $499,000.

The number of listings in Newark City, NJ increased by 14.9% between December and January 2025. While the average time on the market in January 2025 was 104 days, the median list price was $498,990.

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

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