103 Parker St
Newark City, NJ 07104
Price: $749,000
GSMLS: 3953196Type: Multi-Family
Style: 2-Two Story, Duplex-Side by Side
Total Units: 2
Beds: 5
Baths: 3 Full
Garage: 3-Car
Year Built: 1857
Acres: 0.11
Property Tax: $5,134
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!
General Info
Style:
2-Two Story, Duplex-Side by Side
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
3-Car
Description:
Attached Garage
Parking:
Blacktop, Driveway-Exclusive
Spaces Available:
6
Unit 1
Bedrooms:
2
Bathrooms:
2
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room, Pantry, Master Bedroom, Storage
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Electric, Refrigerator, Smoke Detector
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Garbage Included
School Information
Elementary:
BRANCH BRK
Middle:
NEWTON
High School:
BARRINGER
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
North
Financial Considerations
List Price:
$749,000
Tax Amount:
$5,134
Land Assessment:
$24,400
Build. Assessment:
$110,600
Total Assessment:
$135,000
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3953196
List Date:
03-26-2025
Days On Market:
26
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
