14-16 Hazel Pl
Newark City, NJ 07108
Price: $899,900
GSMLS: 4012834Type: Multi-Family
Style: Fourplex, See Remarks
Total Units: 4
Beds: 8
Baths: 4 Full
Garage: No
Year Built: 1922
Acres: 0.13
Property Tax: $10,797
Description
Fully renovated 2025 four-family income-producing property located at 14-16 Hazel Pl in Newark, NJ. This turnkey asset offers strong upside rental income potential in a high-demand Essex County rental market. The building features updated kitchens, modern bathrooms, contemporary finishes, and spacious layouts throughout. Separate utilities provide operational efficiency and added value for investors. Current rents allow for significant future income growth, creating an excellent value-add opportunity with long-term appreciation potential.Property also includes a large, clean, finished basement offering additional usable space for storage or common area use. Conveniently located near public transportation, major highways, shopping, and local amenities. Rare opportunity to acquire a renovated 4-unit building with strong cash flow potential in an established Newark rental corridor.
General Info
Style:
Fourplex, See Remarks
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Finished
Interior:
n/a
Roof:
Flat
Exterior:
Aluminum Siding
Lot Size:
50X110
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Additional Parking, Concrete, Driveway-Exclusive, Off-Street Parking
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
4+ Units, Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
4+ Units, Wall A/C Unit(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Available
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$899,900
Tax Amount:
$10,797
Land Assessment:
$35,800
Build. Assessment:
$234,200
Total Assessment:
$270,000
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4012834
List Date:
03-05-2026
Days On Market:
0
Listing Broker:
RE/MAX PROFESSIONALS I
Listing Agent:
Christopher Stead
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MeadowsRoxbury.com
