Property
Newark City, NJ 07105 203 Oliver St
$875,000
14 more
Presented By: SKY REALTY ASSOCIATES
Beds • 4- Baths • 4
- Garage • 2
Beds • 4
Baths • 4
Garage • 2Home Details
"Prime Investment Opportunity in Newark's Desirable Ironbound Section. This well-maintained four-family residence offers an exceptional value-add or turn-key opportunity for the savvy investor. Each of the four units features a functional 3-room layout, maximizing rental appeal. The property boasts significant premium amenities rarely found in this high-demand neighborhood, including a full basement with dedicated tenant storage, expansive rear parking, and two private detached garages. Situated in a high-occupancy area with easy access to Penn Station, local dining, and major transportation hubs, this asset is positioned for strong cash flow and long-term appreciation."
Presented By: SKY REALTY ASSOCIATES
Interior Features for 203 Oliver St
Bedrooms
Total Bedrooms4
Unit 1 Beds Total1
Unit 2 Beds Total1
Unit 3 Beds Total1
Unit 4 Beds Total1
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft500
Unit 2 Sq Ft500
Unit 3 Sq Ft500
Unit 4 Sq Ft500
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels2
Unit 4 Levels2
UnitType1TotalRent950
UnitType2TotalRent1100
UnitType3TotalRent0
Unit 4 Fireplaces0
Unit 4 Appl/EquipCarbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 3 Appl/EquipCarbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Other Rooms
Unit 4 Rooms3
Unit 2 Rooms3
Unit 1 Rooms3
Unit 3 Rooms3
Unit 3 Room DescriptionBedrooms, Kitchen, Living Room
Unit 1 Room DescriptionBedrooms, Kitchen, Living Room
Unit 2 Room DescriptionBedrooms, Kitchen, Living Room
Unit 4 Room DescriptionBedrooms, Kitchen, Living Room
General for 203 Oliver St
Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyEssex
DirectionsSee Google
DriveBlacktop, Concrete Strip, Driveway-Exclusive, Parking Lot-Exclusive
EasementNo
Farm AssessmentNo
Full Baths4
GarageDetached Garage, Garage Parking
Garage Spaces2
Gross Income60000
Heating4+ Units, Baseboard - Hotwater
Home Warranty Y/NNo
Net Operating Income42000
Number Of Units Total4
Open Parking Spaces3
Operating Expense18000
PossessionAt Closing
RoofFlat, Rubberized
ServicesCable TV Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount7164
Tax Assessed Value188400
Tax Lot7
Tax Year2024
Total Rooms12
Town #1614
TownshipNewark City
UtilitiesElectric
Water HeaterGas
Year Built1900
ZoningResidential
Exterior for 203 Oliver St
Exterior AmenitiesPatio, Privacy Fence, Wood Fence
Exterior DescriptionBrick, Vinyl Siding
Lot Dimensions25X112
Lot FeaturesLevel Lot
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner