See all 22 photos

$849,000

Est. payment - /mo

Save

5 BD

3 BA

1,974 SqFt

Coming Soon

103 Parker St Newark City, NJ 07104

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Feb

Thu

Feb

Fri

Feb

Christina "Chrissy Keys" Gelpi

chrissy@chrissykeys.com +1(732) 485-9393

OPEN HOUSE

Sat Mar 01, 2:00pm - 4:00pm

Sun Mar 02, 2:00pm - 4:00pm

UPDATED:

02/25/2025 06:32 PM

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

Listed by COLDWELL BANKER REALTY

GET MORE INFORMATION

Christina "Chrissy Keys" Gelpi

Agent | License ID: 1329223

+1(732) 485-9393