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Residential Income Multifamily Property
For Sale
$725,000
Pending

254 Parker St, Newark, NJ 07104

Residential income multifamily offered for sale with strong walkability and excellent transit scores.

Property SizeContact for details
Days on Market145

Property Features for 254 Parker St

General Information

Standard status Pending
Property subtype Multi Family

Site & Location

Neighborhood Seventh Avenue

Taxes and HOA fees

Annual Taxes $7,214

Building Details

Year Built 1907
Units 3
Listing Agency: Cedarcrest Realty, Inc.
Listed By: MARIA ZARRO
Source: Elliman
Added: Jun 3 Changed: Oct 11 Last Checked: Oct 24 at 7:33PM

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 Cedarcrest Realty, Inc.

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Investment Insights

Based on property information with market context.

This residential income multifamily property is offered for sale. While specific unit or building configuration details were not provided, the location is supported by reported mobility metrics.

Reported walk score is 85 (very walkable), transit score is 70 (excellent transit), and bike score is 51 (bikeable). The property is located at 254 Parker St, Newark, NJ 07104-1264.

Key Highlights

  • Year built: 1907
  • Walk Score: 85 (very walkable)
  • Transit Score: 70 (excellent transit)

Property Analytics

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Location Intelligence

Trade Area within ½ mile

1,630
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Residential income multifamily offered for sale with strong walkability and excellent transit scores.
Where is this multifamily property located?
The property is located at 254 Parker St Newark, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Year built: 1907; Walk Score: 85 (very walkable); Transit Score: 70 (excellent transit)
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