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

164 Parker St, Newark, NJ 07104

MULTI_FAMILY - Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market63

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 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Basement, Bathroom 3, Bedroom 7, Bedroom 2
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
Added: Jun 10 Changed: Aug 1 Last Checked: Aug 11 at 6:06AM
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.

Completely renovated three-family property featuring three distinct residential units. Unit 1 includes three bedrooms with an eat-in kitchen and a living room. Unit 2 offers three bedrooms plus an eat-in kitchen, a living room, and an office. Unit 3 includes one bedroom with an eat-in kitchen and a living room. The home also includes a spacious unfinished basement.

The property is served by public water and public sewer, with forced-air heating and a shingle roof. Built in 1957, the lot size is 0.06 acres.

This layout is designed to support straightforward multi-tenant living, with each unit having an eat-in kitchen and a dedicated living area, plus bedrooms sized for day-to-day comfort.

Key Highlights

  • Completely renovated three‑family property with three separate units
  • Unit 1: three bedrooms, eat‑in kitchen, living room
  • Unit 2: three bedrooms, eat‑in kitchen, living room, and 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

Multi-tenant
Tenancy

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Completely renovated three-family home with an unfinished basement, public utilities, and forced-air heating.
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: Completely renovated three‑family property with three separate units; Unit 1: three bedrooms, eat‑in kitchen, living room; Unit 2: three bedrooms, eat‑in kitchen, living room, and office
More about this property
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