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Renovated Three-Family Triplex with Unfinished Basement
For Sale
$759,000

164 Parker Street, Newark, NJ 07104

MULTI_FAMILY - Newark, NJ

Property SizeContact for details
Days on Market56

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 5, Bedroom 3, Bedroom 6, Bedroom 2, Basement, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 4, Bathroom 1
Basement Unfinished
Subdivision Newark
Standard status Active
Listing Agency: Keller Williams Village Square Realty · Keller Williams Realty
Listed By: Jennifer Oliver-Vernieri
Added: Jun 17 Changed: Aug 8 Last Checked: Aug 11 at 9:06AM
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.

164 Parker Street, Newark, NJ 07104 presents a completely renovated three-family triplex with an unfinished basement and a practical unit layout. Each unit includes an eat-in kitchen, along with a living room.

Unit 1 offers three bedrooms, an eat-in kitchen, and a living room. Unit 2 includes three bedrooms, an eat-in kitchen, a living room, and an office. Unit 3 is a one-bedroom unit with an eat-in kitchen and a living room.

The property also features a spacious unfinished basement, providing additional area that may be useful for storage and future flexibility. The home is described as being in a convenient Newark location near shops, schools, parks, and public transportation, supporting day-to-day accessibility for tenants and owner-occupants.

Key Highlights

  • Completely renovated three‑family triplex with eat‑in kitchens in every unit
  • Unit 1: three bedrooms, eat‑in kitchen, and living room
  • Unit 2: three bedrooms, eat‑in kitchen, living room, plus an office

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

1,780
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 - Completely renovated three-family triplex with eat-in kitchens across units and an unfinished basement for storage or expansion.
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: Completely renovated three‑family triplex with eat‑in kitchens in every unit; Unit 1: three bedrooms, eat‑in kitchen, and living room; Unit 2: three bedrooms, eat‑in kitchen, living room, plus an office
More about this property
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