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Triplex with Unfinished Basement
For Sale
$759,000

164 Parker St, Newark, NJ 07104

Multi-Family, 3-Three Story, Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market92

Property Features for 164 Parker St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 4, Basement, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 5
Directions Bloomfield Ave to Parker Street
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9725

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Year built 1957
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: KELLER WILLIAMS VILLAGE SQUARE · Keller Williams Realty
Listed By: JENNIFER OLIVER-VERNIERI · License #2189118
Added: Jun 10 Changed: Sep 2 Last Checked: Sep 9 at 11:06AM
MLS# 4033577

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex contains three residential units with a varied bedroom mix. The first and second units each have three bedrooms, an eat-in kitchen, and a living room; the second unit also includes an office. The third unit provides one bedroom, an eat-in kitchen, and a living room. An unfinished basement adds storage or future improvement potential. The property was built in 1957 and sits on 0.06 acres, with forced-air heating, public water, public sewer, and a shingle roof.

Located at 164 Parker St in Newark City, the property is near shops, schools, parks, and public transportation. The three-unit configuration and separate unit layouts provide a defined multifamily format.

Key Highlights

  • Three‑unit multifamily property with two 3‑bedroom units and one 1‑bedroom unit
  • Unit 2 includes an office in addition to three bedrooms, an eat‑in kitchen, and a living room
  • Unfinished basement provides additional space

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Acupuncture Computer & Electronic Repair Skin Care Clinic (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,747
Businesses Nearby

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include two three-bedroom layouts and one one-bedroom layout.
Where is this triplex located?
The property is located at 164 Parker St Newark, NJ.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Three‑unit multifamily property with two 3‑bedroom units and one 1‑bedroom unit; Unit 2 includes an office in addition to three bedrooms, an eat‑in kitchen, and a living room; Unfinished basement provides additional space
More about this property
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