519 16th ST Newark, NJ 07103

Timeless Two-Family Opportunity in Newark! Discover the potential of this classic turn-of-the-century two-family home located on South 16th Street in Newark. Offering two spacious units spread across three levels, this property presents an outstanding opportunity for investors, owner-occupants, or anyone seeking to create value through renovation and modernization. The first-floor unit features a comfortable living room, kitchen, two bedrooms, and a full bathroom. Occupying the second and third floors, the upper unit offers an expansive layout with a living room, kitchen, three bedrooms, and two full bathrooms, providing excellent space and flexibility. A full, unfinished common basement offers abundant storage and future possibilities. While the interior is ready for a new vision and thoughtful updates, the home's generous layout, classic character, and strong bones provide an excellent foundation for transformation. Street parking is readily available throughout the neighborhood. Conveniently located near public transportation, major highways, schools, parks, shopping, dining, and downtown Newark's growing business and cultural districts, this property offers easy access to everything today's residents need. Whether you're looking to renovate and occupy, generate rental income, or add to your investment portfolio, this property presents tremendous upside potential and an exciting opportunity to bring new life to a historic Newark home.