16 Alexander Street, Newark, NJ 07106 (MLS# 22528703)

16 Alexander Street, Newark, NJ 07106

$560,000

Property Type: Multi-Family Bedrooms: 8 Baths: 3 Square Footage: 2,416 Lot Size (sq. ft.): 3,920 Status: Closed

Current Price: $560,000 List Date: 3/16/2026 Last Modified: 6/18/2026

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

Under Contract Date: 2026-03-23
Sold Date: 2026-06-16

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

Last Updated: June - 18 - 2026

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