4
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$350,000
Est. payment /mo
2,613 Sqft Lot
New
760 S 16Th St Newark City, NJ 07103
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4021058
HOA Y/N No
Annual Tax Amount $3,999
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
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.
Location
State NJ
County Essex
Zoning R3
Building
Sewer Public Sewer in Street
Water Public Water in Street
Others
Senior Community No
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Listed by KELLER WILLIAMS PARK VIEWS
NEARBY SCHOOL & BUSINESS
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