103 Parker St Coming Soon Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07104
OPEN HOUSE
Sat Mar 01, 2:00pm - 4:00pm Sun Mar 02, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family, Commercial
Listing Status Coming Soon
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 in Newark's premier residential corridor offers both immediate income and incredible development potential. Fully occupied with two spacious units PLUS A BONUS STUDIO, the property generates strong NOI, making it an ideal investment with bridge income during the entitlement process. Zoned R3 Multi-Family on a 50' x 100' lot, it sits in an area with variance potential. 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. A rare find in a thriving, transit-oriented market!
Location
State NJ
County Essex
Zoning R3
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
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
Architectural Style 2-Two Story
Schools
Elementary Schools Branch Brk
Middle Schools Newton
High Schools Barringer
Others
Senior Community No