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Renovated Triplex Property
For Sale
$759,000

164 Parker St Newark, Newark, NJ 07104

Three residential units offer varied bedroom layouts, eat-in kitchens, living rooms, and an unfinished basement.

Property SizeContact for details
Days on Market81

Property Features for 164 Parker St Newark

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR, 1 x 1BR
Multifamily Units 3

Additional Details

Public Transit Yes

Amenities

Fuel: Electric, Gas-Natural
Heating: Forced Hot Air
CookGas
Refrig
Electric, Gas-Natural, Asphalt Shingle

Building Details

Year Built 1957
Buildings 1
Listing Agency: Carnegie Real Estate LLC
Listed By: Jennifer Oliver-Vernieri · License #2189118
Source: Kw
Added: Jun 10 Changed: Aug 25 Last Checked: Aug 29 at 5:15PM

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 Carnegie Real Estate LLC

Investment Insights

Based on property information with market context.

This renovated triplex contains three residential units with distinct layouts. Unit 1 includes 3 bedrooms, an eat-in kitchen, and a living room. Unit 2 provides 3 bedrooms, an eat-in kitchen, a living room, and an office. Unit 3 has 1 bedroom, an eat-in kitchen, and a living room. The property also includes a spacious unfinished basement for storage or future planning, subject to applicable requirements.

Built in 1957, the building has forced hot-air heating and electric and natural-gas service. The property is located near shops, schools, parks, and public transportation in Newark. Its three-unit configuration may suit an owner-occupant or an investor seeking rental income.

Key Highlights

  • Renovated three‑unit triplex with 3‑bedroom, 3‑bedroom, and 1‑bedroom layouts
  • Unit 2 includes an office in addition to 3 bedrooms, an eat‑in kitchen, and a living room
  • Each unit features 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
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units offer varied bedroom layouts, eat-in kitchens, living rooms, and an unfinished basement.
Where is this triplex located?
The property is located at 164 Parker St Newark 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 triplex with 3‑bedroom, 3‑bedroom, and 1‑bedroom layouts; Unit 2 includes an office in addition to 3 bedrooms, an eat‑in kitchen, and a living room; Each unit features an eat‑in kitchen and living room
More about this property
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