470 South 16th Street

Newark, NJ 07103

$790,000
Price
6
Beds
4
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,...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.

Property Details for 470 South 16th Street

Style
2 Family
Sub style
Top/Btm
Waterfront
None
Garage
Attached
LISTING UPDATED: 11/14/2024 04:51 PM

Property Details for 470 South 16th Street

StatusActive
MLS #24036021
Days on Market51
Taxes$12,863 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 Family
Year Built-
Lot Size0.06 AC / 2,500 SF
CountyEssex County

Building Information for 470 South 16th Street

Stories-Residences-Year Built-Building Size-Lot Size0.06 AC / 2,500 SF

Property Information for 470 South 16th Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: 16th
  • County Name: ESSEX
  • Status: ACTIVE
  • Street Number Numeric: 470
  • Street Direction: South
  • Zip Code: 07103
Taxes and HOA Information
  • Ease assessment: None Known
  • Tax: $12,863
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 2500.0
  • Lot: 00040
  • Year Built: 2020's
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: Hdwd As In
  • Block: 00328
Property and Assessments
  • Photo: Y
  • Photo Number: 21
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat
  • Heatcool: Gas, Hot Air, O/See Remk
  • Cooling Type: Gas, Hot Air, O/See Remk
Interior and Exterior Features
Interior Features
  • Bedrooms: 6
  • Baths full: 4
  • Baths partial: 1
  • Floor 1St: LVR, DR,KTC,Prm Bedroom, BR's, FB,HB
  • Floor 2Nd: LVR, DR,KTC,Prm Bedroom, BR's, FB,HB
  • Basement: None
  • Number of rooms: 12
  • Laundry: In Unit
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Full Baths Total: 5
  • Num of Baths: 4.1
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $790,000.00
  • Listing Date: 11-09-2024
  • Status Date: 11-09-2024
Showing Information
  • Internet Remarks: 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.
Rental
Rental Information
  • Floor Lease 1St: Dec 23 2025
  • Floor Lease 2Nd: Dec 31 2024

Property History for 470 South 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 470 South 16th Street

Taxable ValueLand$31,300Additions$313,000Total$344,300
Home Facts
Total Finished SqFt3,458 SqFtAbove Grade Finished SqFt3,458 SqFtStories3Lot Size2,500 SqFtStyleGovernmental / Public UseYear Built2021CountyESSEXAPN14 00328-0000-00040

Schools near 470 South 16th Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Thirteenth Avenue Elementary School
PublicPK to 8

Speedway Academies
PublicPK to 8

Louise A. Spencer Elementary School
PublicPK to 8

South Seventeenth Street Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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470 South 16th Street is a multi-family home for sale in Newark, NJ 07103. This property was listed for sale on November 9, 2024 by EXP Realty, LLC, it's currently listed at $790,000. It has been on the market for a total of 51 days and was last sold on January 20, 2022. This listing's school district is The Newark Public School District. Nearby schools include Thirteenth Avenue Elementary School, Speedway Academies and Louise A. Spencer Elementary School. 470 South 16th Street is a 6-bed, 4.5-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty, LLC, Peter Boutros

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. 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. Last date updated: 12/30/2024 12:36 PM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/30/2024 12:36 PM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.