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Renovated Duplex with Finished Basement
For Sale
$849,900

637-639 Parker St Unit 2, Newark, NJ 07104

Residential income property with multiple living areas and a finished walkout basement.

Property SizeContact for details
Days on Market15

Property Features for 637-639 Parker St Unit 2

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1909
Listing Agency: RE/MAX PROFESSIONALS I
Listed By: KLARY SOLORZANO · License #406892
Source: Goldstandardrealty
Added: Aug 16 Changed: Aug 29 Last Checked: Aug 29 at 11:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX PROFESSIONALS I

Investment Insights

Based on property information with market context.

This legal 2-family property was renovated in 2019 and includes 6 bedrooms and 4 full bathrooms. The first-floor residence has 3 bedrooms, a living room, eat-in kitchen, and full bathroom. The second-floor layout provides 2 bedrooms alongside an open living and kitchen area. A finished third-floor 1-bedroom living space adds another kitchen and full bathroom, while the walkout basement has also been fully renovated.

The property is located at 637-639 Parker St in Newark’s Forest Hill section, near Branch Brook Park, public transportation, major highways, shopping, schools, and houses of worship. The configuration combines distinct residential areas with practical access to neighborhood amenities and transportation connections.

Key Highlights

  • Legal 2‑family property renovated in 2019
  • 6 bedrooms and 4 full bathrooms
  • Fully renovated walkout basement

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store Locksmith Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

1,368
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?
Duplex - Residential income property with multiple living areas and a finished walkout basement.
Where is this duplex located?
The property is located at 637-639 Parker St Unit 2 Newark, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Legal 2‑family property renovated in 2019; 6 bedrooms and 4 full bathrooms; Fully renovated walkout basement
More about this property
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