$8,301

closing credit¹

882 S 16th St Newark City, NJ 07108

$699,000
8 beds
4 full
0.07 acres
Multi-Family

Property details

About 882 S 16th St

Attention all buyers and investors!Don't miss this incredible opportunity to own a three-family home in the heart of Newark, New Jersey, perfect for generating rental income or multi-generational living,the first-floor unit features a living room, an eat-in kitchen, 3 bedrooms and one bathroom, central heat and AC, washer and dryer in the unit.The second-floor unit offers a living room, eat-in kitchen, three bedrooms,extra room that can serve as a playroom room or office, 2 full bathrooms for added convenience,central heat and AC, washer and dryer the unit.The third-floor unit includes two bedrooms, a living room, a kitchen, and one bathroom,convenient location close to all schools, parks, shops and all major highways and public transportation.This property has incredible potential. Schedule your showing today!

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.07 Acres
Year built1920
ParkingSee Remarks, See Remarks
MLS #3940300

Summary

  • MLS Number: 3940300
  • Office Name: UNITED REAL ESTATE
  • Office Phone: (888) 501-6953

Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

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Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

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Last updated on: 1/18/2025, 12:55:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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empty room featuring light hardwood / wood-style flooring

$699,000

882 S 16th St

$8,301

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

4

Thurgood Marshall Elementary School

Public District PK-5

0.3 mi

141 Montgomery Ave # 181

3

Berkeley Terrace Elementary School

Public District PK-5

0.6 mi

787 Grove St

3

Burch Charter School of Excellence

Public Charter KG-5

0.8 mi

100 Linden Ave

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 $27,391. Typical income of Newark City, NJ residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

53%
<35k
36%
35k-100k
11%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

49%
Single, No Kids
30%
Single, with Kids
10%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

17%
<11 yrs old
11%
12-17 yrs old
26%
18-34 yrs old
36%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Boston MarketBoston Market
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • KiaKia
  • HondaHonda
  • DodgeDodge

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 882 S 16th St in Newark City, NJ and zip code 07108 in the South Ward neighborhood. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 8, 2025 and is currently priced at $699,000.

In December 2024 more than 17 listings in Newark City, NJ were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 8 were sold below. In December 2024 in Newark City, NJ there were 10.8% more homes for sale than in November. The median list price of listings available in December 2024 was $440,000, while the average time on the real estate market was 31 days.

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

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