103 Parker St
Newark City, NJ 07104-1027
- 5 beds
- 3 baths
- – sqft
- 4,792 sqft lot
- 1857 build
- – on site
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!
Last checked:
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Last updated Mar 27, 2025
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MLS# 3953196 —
The Building
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Construction Date/Year Built:Renovated
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Construction Date/Year Built:1857
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Renovated Year:2020
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Unit Style:2-Two Story, Duplex-Side by Side
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Roof Description:Asphalt Shingle
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Exterior Description:Vinyl Siding
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Color of Building:Blue
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Basement:Yes
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Total # of Units:2
Interior
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Interior Features:Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors
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Total # of Rooms:12
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Basement Description:Unfinished
Financial & Terms
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Possession:at closing
Location
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Directions:Park to Parker
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Latitude:40.75634
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Longitude:-74.1792
The Property
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Approx Lot Size:50 Sqft
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Lot Description:Level Lot
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Total Acres:0 Sqft
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Lot Identifier:60
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Exterior Features:Deck, Partially Fenced, Patio, Sidewalk, Thermal Windows/Doors
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Exclusions:PERSONAL PROPERTY
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Easements:Unknown
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Farm Assessment:No
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Assessment Land:24400
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Assess Amount Land Tax:*
Listing Agent
- Contact info:
- Agent phone:
- (973) 233-2300
- Office phone:
- (973) 233-2300
Taxes
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Tax ID For Property:1614-00493-0000-00060-0000-
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Tax Year:2024
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Tax Year:*
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Tax Rate:*
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Tax Rate Year:2024
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Tax Rate Amount:3.803
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Tax Amount:$5,134
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Tax Amount:$*
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Lot ID Tax:*
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Lot Size Tax:*
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Acres Tax:$*
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Block ID Tax:*
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City Tax:$*
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County Tax:$*
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Zip Code Tax:*
Beds
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# of Bedrooms:5
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Unit 1 Bedrooms:2
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Unit 2 Bedrooms:2
Baths
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Total # of Baths:3.00
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Total # of Full Baths:3
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Unit 1 Baths:2.0
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Unit 2 Baths:1.0
The Listing
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Home Warranty:No
Heating & Cooling
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Cooling:Window A/C(s)
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Heating:Baseboard - Hotwater
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Water Heater:Gas
Utilities
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Utilities:Electric, Gas-Natural
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Water:Public Water
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Fuel Type:Gas-Natural
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Sewer:Public Sewer
Schools
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Grade School:BRANCH BRK
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Middle Or Junior School:NEWTON
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High School:BARRINGER
The Community
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Section/Subdiv/Development:North
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Services:Garbage Included
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Assessment Total:135000
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Assessment Total Tax:*
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Assessment Bldg:110600
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Assess Amount Building Tax:*
Parking
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# of Garage Spaces:3
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Garage Description:Attached Garage
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# of Parking Spaces:6
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Parking/Driveway Description:Blacktop, Driveway-Exclusive
Extra Units
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Unit 1 SqFt:1120
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Unit 2 SqFt:854
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Unit 1 Levels:2
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Unit 2 Levels:1
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Unit 1 Rooms:5
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Unit 2 Rooms:5
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Unit 1 Handicap Modified:No
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Unit 2 Handicap Modified:No
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Unit 1 Room Description:Bedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Master Bedroom, Storage
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Unit 2 Room Description:Bedrooms, Eat-In Kitchen, Living Room
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Unit 1 Appliances/Equipment:Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
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Unit 2 Appliances/Equipment:Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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3/26/25
Mar 26, 2025
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Listed / Active | GSMLS | $749,000 | |
3/1/25
Mar 1, 2025
|
Listed / Active | GSMLS | ||
2/25/25
Feb 25, 2025
|
Coming Soon | GSMLS |