For Multi Family

164 Parker St,Newark City, NJ 07104-1111

February 12, 2026

Great opportunity to own a completely renovated three-family property in a convenient Newark location. Each unit features an eat-in kitchen, spacious living room areas, and comfortable bedrooms, making this property an attractive option for tenants.Unit 1: 3 bedrooms, eat-in kitchen, and a living roomUnit 2: 3 bedrooms, eat-in kitchen, living room, and a office Unit 3: 1 bedroom, eat-in kitchen, living room. This property also features a spacious unfinished basement, offering plenty of potential. Perfect for both owner-occupants and investors seeking rental income, it’s conveniently located near shops, schools, parks, and public transportation. Situated in a well-established neighborhood, this home offers excellent accessibility and long-term value. Don’t miss out schedule your showing today!

Property ID:PT-28117770-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 789,000 $

Bedrooms:7

Year Built:1957

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 12

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2023

Basmnt/Desc: Yes - Unfinished

Acreage: 0.06

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 14

Easement/Desc: Unknown

Exterior Description: Brick

Roof Description: Asphalt Shingle

Possesion: 30-60

Unit 1 Appliances/Equipment: CookGas,Refrig

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Lease Expire: 2025-10-31

Unit 1 SqFt: 988

Unit 1 Rent: 2400

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 1 Security Deposit: 2400

Unit 2 Appliances/Equipment: CookGas,Refrig

Unit 2 Levels: 2

Unit 2 Rooms: 6

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Lease Expire: 2025-11-30

Unit 2 SqFt: 1097

Unit 2 Rent: 2400

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Security Deposit: 2400

Unit 3 Appliances/Equipment: CookGas,Refrig

Unit 3 Levels: 3

Unit 3 Rooms: 3

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Lease Expire: 2025-10-31

Unit 3 SqFt: 600

Unit 3 Rent: 1500

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Security Deposit: 1500

Garage Description: None

Block Identifier: 507

County Number: 16

Town Number: 1614

YB/Desc: 1957 - Renovated

Easement: Unknown

Parking/Driveway Description: On-Street Parking

Block Identifier: 507

County Number: 16

Town Number: 1614

Possession: 30-60

Taxes, Fees & Assessments

Gross Operating Income: 46800

Net Operating Income: 33174

Tax ID For Property: 1614-00507-0000-00012-0000-

Tax Amount: $5,407.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $21,300.00

Building Assessment: $221,900.00

Total Assessment: $243,200.00

FHA Age Restricted: No

Utilities

Heat Source: Electric, Gas-Natural

Heat System: Forced Hot Air

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

164 Parker St,Newark City, NJ 07104-1111

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