762 S 16th St, Newark, NJ 07103

Newark
Local realty services provided by:Better Homes and Gardens Real Estate PorchLight Properties
762 S 16th St,Newark City, NJ 07103
$350,000
  • 0.06 Acres
  • Lots / Land
  • Active
Listed by: victor ramos faist
Office: keller williams park views201-939-0050
MLS#:4021062
Source:NJ_GSMLS

Price summary

  • Price:$350,000

About this home

Prime opportunity in one of Newark?s fastest-growing neighborhoods, surrounded by ongoing development and rising property values. This lot will be delivered completely shovel-ready?cleared, with flow test completed, and fully approved architectural plans included for a modern 3-family home.The plans feature an impressive layout with 8 bedrooms, 5 full bathrooms, and a 2-car garage, designed for strong rental income and long-term value. Best of all, the project requires no variances, saving you significant time, cost, and uncertainty.With comparable 3-family homes in the area achieving ARVs between $1,000,000 and $1,100,000, this is a compelling opportunity for investors and builders alike. Start building immediately upon closing?no demolition, no delays.

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Home facts

  • Listing ID #:4021062
  • Added:8 day(s) ago
  • Updated:April 24, 2026 at 02:17 PM

Structure and exterior

  • Lot area:0.06 Acres

Utilities

  • Water:Public Water in Street
  • Sewer:Public Sewer In Street

Finances and disclosures

  • Price:$350,000
  • Tax amount:$1,255 (2025)
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 April 24, 2026

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