Property
Newark City, NJ 07114 204 Parkhurst St
$1,195,000
23 more
Presented By: EXIT REALTY LUCKY ASSOCIATES
Full/Half Baths • 0 / 5
Full/Half Baths • 0 / 5Home Details
Five-family investment property located in the Ironbound. The building features a well-balanced unit mix of two 1-bedroom units, two 2-bedroom units, and one 3-bedroom unit, providing strong rental demand and income stability. Ideal for investors seeking a steady, income-producing asset with diversified residential cash flow. Property offers long-term upside potential with the ability to increase rents over time. Conveniently located near major highways, public transportation, schools, and local amenities. Situated in a growing area of Newark with ongoing redevelopment.
Presented By: EXIT REALTY LUCKY ASSOCIATES
Interior Features for 204 Parkhurst St
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath5
Num Units w/Half Bath
Half Baths5
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units1
Num 2 Bdrm Units2
Num 1 Bdrm Units2
BasementFull
FlooringTile, Vinyl-Linoleum
Fuel TypeGas-Natural
Total Stories3
General for 204 Parkhurst St
Cap Rate6.40
ConstructionBrick/Block, Wood
CoolingWindow A/C(s)
CountyEssex
DirectionsBetween Goble and Dawson
Documents AvailableIncome & Expenses, Leases
DriveOn-Street Parking
EasementUnknown
Equipment AvailableSmoke Detector
Farm AssessmentNo
Garage Spaces
Gross Income101040
Heating4+ Units, Baseboard - Hotwater
Leasable Area
LocationResidential Area
Net Operating Income76934
Num Apts5
Number Of Units Total5
Operating Expense24106
OwnershipFee Simple
Possessionclosing
Property TypeApartment Complex
Property TypeApartment Complex
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameIronbound
Tax Annual Amount12936
Tax Assessed Value323500
Tax Lot41
Tax Year2025
Town #1614
TownshipNewark City
UtilitiesGas In Street
Utilities Paid ByTenant
Year Built1970
ZoningMX-2
Exterior for 204 Parkhurst St
Building Area Total
Exterior DescriptionBrick/Block
Lot Dimensions25X104.6
Lot FeaturesLevel Lot
Lot Size Acres0.06
Max Ceiling Height8
Max Door Height7
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner