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Renovated Triplex with Basement
For Sale
$759,000

164 Parker Street, Newark, NJ 07104

2-4 Family, Newark, NJ

Property SizeContact for details
Days on Market77

Property Features for 164 Parker Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 7, Basement, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3
Basement Unfinished
Subdivision Newark
Standard status Active
Listing Agency: Keller Williams Village Square Realty · Keller Williams Realty
Listed By: Sally Ponchak · License #2189118
Added: Jun 17 Changed: Aug 31 Last Checked: Sep 1 at 10:06AM
MLS# 26021161

Copyright © 2026 New Jersey MLS Inc. 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 renovated triplex contains three separate residential units with practical layouts. The first unit has three bedrooms, an eat-in kitchen, and a living room. The second also includes three bedrooms, along with an eat-in kitchen, living room, and office. The third offers one bedroom, an eat-in kitchen, and a living room. A spacious unfinished basement provides additional interior space.

The property is located on Parker Street in Newark, near shops, schools, parks, and public transportation. Its three-unit configuration and varied bedroom mix support both owner-occupancy and rental use, as identified in the property information.

Key Highlights

  • Renovated three‑unit residential property
  • Unit mix includes 3 bedrooms, 3 bedrooms, and 1 bedroom
  • Each unit includes an eat‑in kitchen and living room

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 offer eat-in kitchens, living rooms, and a mix of one- and three-bedroom layouts.
Where is this triplex located?
The property is located at 164 Parker Street 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: Renovated three‑unit residential property; Unit mix includes 3 bedrooms, 3 bedrooms, and 1 bedroom; Each unit includes an eat‑in kitchen and living room
More about this property
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