16 Alexander Street, Newark, NJ 07106

$680,000
Property Type: Multi-Family Bedrooms: 8 Baths: 3 Square Footage: 2,416 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $680,000 List Date: 9/20/2025 Last Modified: 10/16/2025

Description

Welcome to this spacious 3-unit property, perfect for investors or owner-occupants seeking strong rental income potential. Unit 1 offers 2 bedrooms and 1 bathroom, while Units 2 and 3 each feature 3 bedrooms and 1 bathroom, all designed with functional layouts for comfortable living. The property is enhanced with updated flooring, ample natural light, and generous kitchen spaces complete with wood cabinetry and modern finishes. The exterior showcases classic charm with a fenced front yard and a welcoming entryway, while the prime location near shopping, dining, schools, and major transportation routes ensures both convenience and long-term investment growth.

Supplements: Whether you're looking to generate steady rental income or live in one unit while renting out the others, this property is a must-see!

More Information MLS# 22528703

Contract Info

List Price/SqFt: 281.46 New Construction: No Status: Active List Date: 2025-09-20 List Price: $680,000 Current Price: $680,000 Property Sub-Type: Three Family

Location

Area/Section: None Elementary School: Ivy Hill High School: West Side Other High: Weequahic House Number: 16 Street Name: Alexander Street Suffix: Street County: Essex Municipality: Newark (NEW) Postal City: Newark State: NJ Zip Code: 07106 Complex/Subdivision: None Directions: Rt. 510 to Alexander St

General Property Info

# Units in Bldg: 3 Waterfront: No # Levels: 2.5 Waterview: No Lot Dimensions: 28 x 134.1 Basement: Yes Garage: No # Acres: 0.09 # Car Garage: 0 Pool: No Bedrooms: 8 Full Baths: 3 Total Baths: 3 Apx SqFt: 2416 Apx Year Built: 1990

Tax and Legal

Asmnt - Total: 315000 Deed Restricted: No Taxes: 11979 Tax Year: 2024

Unit 1

# Bedrooms: 2 # Full Baths: 1 Rent: 1700 Other - See Remarks: 1

Unit 2

# Bedrooms: 3 # Full Baths: 1 Rent: 1950 Other - See Remarks: 1

Unit 3

# Bedrooms: 3 # Full Baths: 1 Rent: 1327 Other - See Remarks: 1

Zoning

Multi-Family: 1

Showing

Showing Time: 1

Water/Sewer

Public Sewer: 1 Public Water: 1

Floors

Ceramic Tile: 1 Wood: 1

Basement

Other: 1

Cooling

Central Air: 1

Water Heater

Electric: 1

Heating

Forced Air: 1

Parking

On Street: 1

Garage

None: 1

Assessment Status

To Be Assessed: 1

Siding

Other: 1

Roof

Other: 1

Property Features

Unit 1: Other - See Remarks Unit 2: Other - See Remarks Unit 3: Other - See Remarks Basement: Other Floors: Ceramic Tile; Wood Cooling: Central Air Heating: Forced Air Water Heater: Electric Siding: Other Roof: Other Garage: None Parking: On Street Zoning: Multi-Family Assessment Status: To Be Assessed Showing: Showing Time
Listing Office: EXP Realty
Listing Agent: Salvatore Settepani
IDX
Last Updated: October - 16 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively 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.