103 Parker St

newark, NJ 07104-1027

$749,000

  • 5 BR
    3 BA

INTERESTED? LET'S CONNECT

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!

Details

4,791.6 Sq Ft Exterior Space

Multi Family

$5,134 Annual Tax

Built in 1857

MLS/Listing ID 3953196

2 Units

Listing Courtesy of COLDWELL BANKER REALTY, KAREISHA QUESTEL-GORDON

GSMLS

Source of Data: GARDEN STATE MLS

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