16 Alexander Street, Newark, NJ 07106

New Listing
$635,000
Property Type: Multi-Family Bedrooms: 8 Baths: 3 Square Footage: 2,416 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $635,000 List Date: 3/16/2026 Last Modified: 3/20/2026

Overview

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!

Listing Details MLS# 22528703

Contract Info

List Price/SqFt
262.83
Property Sub-Type
Three Family
New Construction
No

Location

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

General Property Info

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

Tax and Legal

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

Status Change Info

Contingent Date
2026-03-20

Unit 1

# Bedrooms
2
# Full Baths
Yes
Rent
1700
Other - See Remarks
Yes

More Information

Unit 2

# Bedrooms
3
# Full Baths
Yes
Rent
1950
Other - See Remarks
Yes

Unit 3

# Bedrooms
3
# Full Baths
Yes
Rent
1327
Other - See Remarks
Yes

Zoning

Multi-Family
Yes

Showing

Showing Time
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Floors

Ceramic Tile
Yes
Wood
Yes

Basement

Other
Yes

Cooling

Central Air
Yes

Water Heater

Electric
Yes

Heating

Forced Air
Yes

Parking

On Street
Yes

Garage

None
Yes

Assessment Status

To Be Assessed
Yes

Siding

Other
Yes

Roof

Other
Yes

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: March - 20 - 2026
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.