Property
Newark City, NJ 07104 103 Parker St
$749,000
17 more
Presented By: COLDWELL BANKER REALTY; 609-516-6977
Beds • 5
Baths • 3
Garage • 3
Home Details
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!
Presented By: COLDWELL BANKER REALTY; 609-516-6977
Interior Features for 103 Parker St
Bedrooms
Total Bedrooms5
Unit 1 Beds Total2
Unit 2 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total2.0
Unit 2 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft1120
Unit 2 Sq Ft854
Unit 1 Levels2
Unit 2 Levels1
UnitType1TotalRent2058
UnitType2TotalRent1544
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms5
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Master Bedroom, Storage
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Living Room
General for 103 Parker St
Architectural Style2-Two Story, Duplex-Side by Side
CoolingWindow A/C(s)
CountyEssex
DirectionsPark to Parker
DriveBlacktop, Driveway-Exclusive
EasementUnknown
Elementary SchoolBRANCH BRK
ExclusionsPERSONAL PROPERTY
Farm AssessmentNo
Full Baths3
GarageAttached Garage
Garage Spaces3
Gross Income
HeatingBaseboard - Hotwater
High SchoolBARRINGER
Home Warranty Y/NNo
Middle/Junior High SchoolNEWTON
Net Operating Income
Number Of Units Total2
Open Parking Spaces6
Operating Expense0
Possessionat closing
RoofAsphalt Shingle
ServicesGarbage Included
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNorth
Tax Annual Amount5134
Tax Assessed Value135000
Tax Lot60
Tax Year2024
Total Rooms12
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Water HeaterGas
Year Built1857
Exterior for 103 Parker St
Exterior AmenitiesDeck, Partially Fenced, Patio, Sidewalk, Thermal Windows/Doors
Exterior DescriptionVinyl Siding
Lot Dimensions50X100
Lot FeaturesLevel Lot
Lot Size Acres0.11
Water SourcePublic Water
Additional Details
Price History
Schools
High School
Barringer High School
Elementary School
Branch Brk Elementary School
Middle School
Newton Middle School
Jenniffer Bravo Llerena
Associate