For Sale

204 Parkhurst St,Newark City, NJ 07114-2641

April 28, 2026

Five-family investment property located in the Ironbound. The building features a well-balanced unit mix of two 1-bedroom units, two 2-bedroom units, and one 3-bedroom unit, providing strong rental demand and income stability. Ideal for investors seeking a steady, income-producing asset with diversified residential cash flow. Property offers long-term upside potential with the ability to increase rents over time. Conveniently located near major highways, public transportation, schools, and local amenities. Situated in a growing area of Newark with ongoing redevelopment.

Property ID:PT-38995177-AXZR

Offer Type:For Sale

Property Type:Apartment Complex

Price: 1,195,000 $

Year Built:1970

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X104.6

Lot Description: Level Lot

Property Type: Apartment Complex

Lot Identifier: 41

Home Details

Subdivision: Ironbound

Location: Residential Area

Acreage: 0.06

Sale Includes: Building & Land

Construction: Brick/Block, Wood

Exterior Description: Brick/Block

Roof Description: Flat

Number of Stories: 3

Number of Units: 5

Number of Lavatories: 5

Max Ceiling Height: 8

Max Door Height: 7

Floors: Tile, Vinyl-Linoleum

Color of Building: Grey

Parking Desc: On-Street Parking

Easement/Desc: Unknown

Basmnt/Desc: Yes - Full

YB/Desc: 1970 - Approximate

Block Identifier: 1164

County Number: 16

Town Number: 1614

Possession: closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale

Documents Available: Income & Expenses, Leases

Ownership: Fee Simple

Tax ID For Property: 1614-01164-0000-00041-0000-

Tax Amount: $12,936.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $100,000.00

Building Assessment: $223,500.00

Total Assessment: $323,500.00

Utilities

Equipment Available: Smoke Detector

Heat Source: Gas-Natural

Heat System: 4+ Units, Baseboard - Hotwater

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas In Street

Other

Zoning: MX-2

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1,195,000 $

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Listing Details

204 Parkhurst St,Newark City, NJ 07114-2641

Description

Details