778 South 16th Street, Newark, NJ 07103

$318,888 Asking Price

5 beds
2 baths

Welcome to this fantastic home, offering incredible value with low taxes and solid bones. Perfect for both prospective homeowners and investors looking to expand their portfolios. The property features five generously sized bedrooms and two well-maintained full bathrooms. Tenants are currently up to date with their payments, but the property can be delivered vacant if preferred. This home combines comfort and practicality, making it an ideal choice for anyone seeking a new residence or a smart investment opportunity. Current Rental Income is $2,700.


Features & Amenities

Interior

Basement:
Unfinished
A/C:
Gas,Radiators
Heating:
Gas,Radiators
Fireplace:
None

Exterior

General:
Vinyl
Style:
Colonial

Construction

General:
Other

Location

HOA Amenities:
None
County:
ESSEX

This listing courtesy of:
Real, Michelle A. Tapia

About Newark, NJ

Housing

Number of Units
118,077
Median Home Value
$265,182
Median Rent
$950

77.07% of housing units are renter occupied.

7.98% are vacant.

Commute

Car
57.07%
Public Transportation
23.37%
Walk to Work
5.03%
Work from Home
9.54%
Other
4.78%

The median travel time to work is 33 minutes.

People

Population
301,767
Median Age
34.80
Median Household Size
2.65

Education

High School
36.16%
Associate’s Degree
5.90%
Bachelor’s Degree
11.53%
Graduate Degree
4.80%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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