Building Details

Year Built 1907

Units 3

Listing Agency: Cedarcrest Realty, Inc.

Listed By: MARIA ZARRO Show Phone

Source: Elliman

Added: Jun 3 Changed: Aug 24 Last Checked: Sep 7 at 7:56AM

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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.

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

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair 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.

Location Intelligence

Trade Area within ½ mile

1,630

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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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)