New - 5 days on Rocket
$10,000 Closing Credit¹
#25006010, Kareisha Questel-Gordon, Listing Office: Coldwell Banker, Montclair
$849,000 List price
103 Parker St Newark City, NJ 07104
$10,000
Closing credit¹
5 beds
3 full
0.1 acres
Multi-Family
Property details
About 103 Parker St
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!
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.11 Acres
Year built1857
ParkingBlacktop, Concrete, Driveway-Exclusive, Attached Garage
MLS #3947590
Attached garage3 spaces
Summary
- MLS Number: 3947590
- Office Name: COLDWELL BANKER REALTY
- Office Phone: (609) 516-6977
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Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
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Last updated on: 3/3/2025, 12:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$849,000
103 Parker St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Franklin Elementary School
Public District PK-4
0.2 mi
•42 Park Ave
4
Roberto Clemente Elementary School
Public District PK-4
0.5 mi
•257 Summer Ave
3
Roseville Community Charter School
Public Charter KG-4
0.8 mi
•540 Orange St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,675. Most Newark City, NJ residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
31%
<35k
41%
35k-100k
24%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
38%
Single, No Kids
31%
Single, with Kids
10%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
10%
12-17 yrs old
31%
18-34 yrs old
32%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
H&M
Where do the neighbors go to eat?
Little Caesars
White Castle
Boston Market
What do the neighbors drive?
Dodge
Kia
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 103 Parker St in Newark City, NJ and zip code 07104 in the North Ward neighborhood. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $849,000.
The inventory of homes for sale in Newark City, NJ between January and February 2025 increased by 18.4%. The median list price of listings available in February 2025 was $495,000, while the average time on the real estate market was 100 days.
From Rocket Homes Real Estate and based on county public records data.