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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!

Features

Heating System : Baseboard - Hotwater
Cooling System : Window A/c(s)
Basement : Unfinished
Roof Deck : Asphalt Shingle
Parking : 6
Parking Description: Blacktop, Concrete, Driveway-Exclusive
Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke
Exterior Features: Deck, Partially Fenced, Patio, Sidewalk, Thermal W
Lot Description: Level Lot
Tax Assessed Valuation: 135000
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Electric, Gas-Natural
Internet

Additional Info

Office Name: COLDWELL BANKER REALTY
Office MLS ID: 0024A4
Agent ID: 394085
Tax: 5134
Tax Year: 2024
Application Fee: $0
Zoning: R3

Multi-Family For Sale

For Sale

$849,000

103 Parker St, Newark City, *

50 Acre
5
Built Year 1857

Details

Property Type: Multi-Family
Listing Type: For Sale
Listing ID: 5340253
Price: $849,000
Bedrooms: 5
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1857
Year Built Description: Approximate, Renovated
Lot Area: 50 Acre
Status: Active
Days On Market: 4

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Essex
City Newark City
Zipcode *
Subdivision: North
Street: Parker St
Street Number: 103
Street Direction: Park to Parker
Floor Number: 0
Longitude: W75° 49' 14.9''
Latitude: N40° 45' 22.8''
Internet Display Address: Yes