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Local Realty Service Provided By: Coldwell Banker Realty

472 S 16th St, 
Newark City, NJ 07103

$675,000


—

Bed


—

Bath


-

Sq Ft


Multi-Family

Sold

973-378-8300

MLS#

4011243

Source:

NJ GSMLS

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About This Home

472 S 16th St

3-Family Investment Property offering 9 bedrooms / 5 full baths. Renovated in 2019 with impeccable hardwood floors throughout. Separate utilities, including 3 individual HVAC systems. Semi-finished basement with separate entrance. All units have similar floor plans; However, units 2 and 3 come with primary bedrooms with en-suite / private baths. Kitchens are generously sized with expansive cabinetry and ample countertop space, featuring true eat-in layouts that accommodate dining areas. All five bathrooms include shower stalls and soaking tubs. Basement is standing height, full size, and offers substantial space with potential for additional use. The current rent roll is $5,400 per month; however, projected market rents support approximately $7,500 per month, equating to $90,000 annually. With annual taxes of approximately $6,026 the property offers strong income potential and significant upside for improved cash flow and return on investment. Proximity to NYC trains and buses. Approximately 7 minutes to Newark International airport and 20 minutes to Midtown NYC

Home Facts

Multi-Family

Built in 1915

Price Summary

650,000

MLS #:

4011243

Sold:

April 29, 2026


Structure

Structure

Year Built:

1915


Lot

Lot Size (Sq. Ft):

2,613


Finances & Disclosures

Finances

Price:

$650,000

472 S 16th St
Source:NJ GSMLS
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website 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. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated May 15, 2026