New Jersey
Newark City
103 Parker St

$674,999

103 Parker St, Newark City, NJ 07104

5 beds |
3 baths

Multi-Family Home
Built in 1857
4,792sqft lot
3 car garage
$——/sqft
Listed 1 month ago

Property 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!

Listing Status:: Active
Date Added:: May 31, 2025 at 12:00AM
Listing Office:: COLDWELL BANKER REALTY : 973-233-2300
MLS ID:: 3964448

General: Carbon Monoxide DetectorFire ExtinguisherSmoke DetectorTile Floors
Basement: Unfinished
A/C: Window A/C(s)
Heating: Baseboard - HotwaterGas-Natural

This listing courtesy of COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Franklin Elementary School

42 Park Ave, Newark, NJ, 07104

Grades PK-4

0.21 miles away

McKinley Elementary School

1 Colonnade Pl, Newark, NJ, 07104

Grades PK-8

0.42 miles away

Barringer High School

90 Parker St, Newark, NJ, 07104

Grades 9-12

0.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.