272-274 Parker Street

Newark, NJ 07104

$999,999
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this meticulously renovated three-family home nestled in the thriving northern side of Newark. Each floor offers two bedrooms and one bath, complemented by a fully finished basement for added versatility. This property presents a lucrative investment opportunity with a strong income stream from full occupancy. Beyond its impeccable interiors, the highlight of this residence is the expansive parking lot, accommodating up to 10 cars, a rare find in the area. Whether you're an investor seeking...Welcome to this meticulously renovated three-family home nestled in the thriving northern side of Newark. Each floor offers two bedrooms and one bath, complemented by a fully finished basement for added versatility. This property presents a lucrative investment opportunity with a strong income stream from full occupancy. Beyond its impeccable interiors, the highlight of this residence is the expansive parking lot, accommodating up to 10 cars, a rare find in the area. Whether you're an investor seeking stable returns or a homeowner looking for additional income potential, this property offers security and opportunity in one package. Don't miss the chance to own this turnkey investment in a prime location boasting convenience and profitability. Schedule a viewing today to experience the potential of this remarkable property firsthand.
  1. Listed by Olga Caceres • Century 21 Preferred Realty, Union • (908) 688-3311

Property Details for 272-274 Parker Street

Style
3 Family
Sub style
Mixedflr
Waterfront
None
Garage
O/See Remk

Location

Listing Courtesy of Century 21 Preferred Realty, Union, Olga Caceres
Add your commute
LISTING UPDATED: 03/24/2024 11:55 PM

Property Details for 272-274 Parker Street

StatusActive
MLS #24007212
Days on Market52
Taxes$12,306 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 Family
Year Built-
Lot Size0.11 AC / 5,001 SF
CountyEssex County

Location

Listing Courtesy of Century 21 Preferred Realty, Union, Olga Caceres
Add your commute

Building Information for 272-274 Parker Street

Stories-Residences-Year Built-Building Size-Lot Size0.11 AC / 5,001 SF

Payment Calculator

$6,483 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$1,026

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 272-274 Parker Street

Summary
Location and General Information
  • Area: 0714
  • Area name: Newark
  • Flood plain: None
  • Street Name: Parker
  • County Name: ESSEX
  • Status: ACTIVE
  • Zip Code: 07104
Taxes and HOA Information
  • Tax: $12,306
Owner
  • Ownership: Private
Property
Lot Information
  • Lot size: 5001.0
  • Lot: 00015
  • Year Built: 1900-1939
  • Views exposure: None
  • Lot Description: Regular
  • Miscellaneous: None
  • Block: 00555
Property and Assessments
  • Photo: Y
  • Photo Number: 16
  • CourtAppYN: No
Utilities
  • Sewer: Municipal
  • Utilities: O/See Rmks
  • Heatcool: Gas
  • Cooling Type: Gas
Interior and Exterior Features
Interior Features
  • Bedrooms: 6
  • Baths full: 4
  • Baths partial: 0
  • Basement: Finished
  • Number of rooms: 12
  • Laundry: Basement
  • Lifestyle: None
  • Full Baths Total: 4
  • Num of Baths: 4.0
Exterior Features
  • Fireplace: None
Agent
Sale and Listing Information
  • Search Class: 2to4
  • List Price: $999,999.00
  • Listing Date: 03-11-2024
  • Status Date: 03-11-2024
Showing Information
  • Internet Remarks: Welcome to this meticulously renovated three-family home nestled in the thriving northern side of Newark. Each floor offers two bedrooms and one bath, complemented by a fully finished basement for added versatility. This property presents a lucrative investment opportunity with a strong income stream from full occupancy. Beyond its impeccable interiors, the highlight of this residence is the expansive parking lot, accommodating up to 10 cars, a rare find in the area. Whether you're an investor seeking stable returns or a homeowner looking for additional income potential, this property offers security and opportunity in one package. Don't miss the chance to own this turnkey investment in a prime location boasting convenience and profitability. Schedule a viewing today to experience the potential of this remarkable property firsthand.
Rental
Rental Information
  • Ground Floor Lease: month to month
  • Floor Lease 1St: month to month
  • Floor Lease 2Nd: month to month
  • Floor Lease 3Rd: month to month

Property History for 272-274 Parker Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 272-274 Parker Street

Taxable ValueLand$43,800Additions$285,600Total$329,400
Tax Record2022$12,306 ($1,026 / month)
Home Facts
Beds0Total Finished SqFt2,762 SqFtAbove Grade Finished SqFt2,762 SqFtStories3Lot Size5,001 SqFtStyleSingle Family ResidenceYear Built1887CountyESSEXAPN14 00555-0000-00015

Schools near 272-274 Parker Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - PK to 8
Rating
School
Distance
New Park School
PublicPK to 8

Malcolm X Shabazz High School
Public9 to 12

Ridge Street Elementary School
PublicK to 8

Elliott Street Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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272-274 Parker Street is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on March 11, 2024 by Century 21 Preferred Realty, Union, it's currently listed at $999,999. It has been on the market for a total of 52 days and was last sold on November 25, 2020. This listing's school district is The Newark Public School District. Nearby schools include New Park School, Malcolm X Shabazz High School and Ridge Street Elementary School. 272-274 Parker Street is a 6-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Preferred Realty, Union, Olga Caceres

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 05/02/2024 01:45 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.