103 Parker St new Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07104
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,974 sqft
Price per Sqft $430
Subdivision North
MLS Listing ID 3947590
Style 2-Two Story
Bedrooms 5
Full Baths 3
Year Built 1857
Annual Tax Amount $5,134
Tax Year 2024
Lot Size 4,791 Sqft
Property Description
YOUR SEARCH ENDS HERE! Great for Investors and Developers! This rare two-family home with A BONUS studio in Newark's premier residential corridor offers both immediate income and incredible development potential. Fully occupied the property generates strong NOI, making it an ideal investment with bridge income during the entitlement process. With a three-car garage, additional driveway parking for up to 6 cars, and protected NYC skyline views, this property is a prime candidate for value-add improvements, long-term appreciation, or high-density redevelopment. Zoned R3 Multi-Family on a 50' x 100' lot, it sits in an area with variance potential. A rare find in a thriving, transit-oriented market!
Location
State NJ
County Essex
Zoning R3
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Exterior
Exterior Feature Vinyl Siding
Parking Features Attached Garage
Garage Spaces 3.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Branch Brk
Middle Schools Newton
High Schools Barringer