1 month on rocket

272-274 Parker St, Newark, NJ, 07104

$999,999

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths
Multi
Schools Nearby

Location

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272-274 Parker St, Newark$999,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingO/See Remk
HeatingNatural Gas
CoolingGas
BasementYes
WaterfrontNone
FireplaceNone
MLS #24007212
StatusActive
(ACTIVE)

About 272-274 Parker St

Welcome to this meticulously renovated three-family home nestled in the thriving northern side of Newark. Each floor offers two bedrooms and one bath, complemented by a fully finished basement for added versatility. This property presents a lucrative investment opportunity with a strong income stream from full occupancy. Beyond its impeccable interiors, the highlight of this residence is the expansive parking lot, accommodating up to 10 cars, a rare find in the area. Whether you're an investor seeking stable returns or a homeowner looking for additional income potential, this property offers security and opportunity in one package. Don't miss the chance to own this turnkey investment in a prime location boasting convenience and profitability. Schedule a viewing today to experience the potential of this remarkable property firsthand.

Property Details

Property Features

Listing Office:

  • Office Name: Century 21 Preferred Realty, Union
  • Listing Agent: Olga Caceres

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Shingles, None

Parking Information:

  • Parking: O/See Remk

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Gas

School Info

Assigned Schools Information:

  • Barringer High School, Public District Grades 9-12
  • Technology High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • Franklin Elementary School, Public District Grades PK-4

Price Information

Listing Price Info

Price Summary:

  • List Price: $999,999

Tax Information:

  • Annual Amount: $7,839
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

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Newark, NJ

City

Med. List Price

$449.9K

Med. Price/SqFt

$234

Avg. Days On Market

97

# of Sold Homes

24

272-274 Parker St vs Newark

45 DAYS ON ROCKET

-52 Days

$999,999

+$550K More

KEY TAKEAWAY

This property is $550K more than the Median List Price in Newark, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24007212

Listing Office:

  • Office Name: Century 21 Preferred Realty, Union
  • Listing Agent: Olga Caceres

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 15, 2021Home Sold
$500,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,839$185,800
2019$6,861$185,800
2018$6,614$185,800
2017$6,614$185,800

History based on county public records data.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-999872
2
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.24 miles

  • Public District Grades PK-4

High School

school-card-donut-999873
1
/10

  • Barringer High School

  • 90 Parker St

  • 0.05 miles

  • Public District Grades 9-12

school-card-donut-999874
8
/10

  • Technology High School

  • 223 Broadway

  • 0.53 miles

  • Public District Grades 9-12

school-card-donut-999875
1
/10

  • Central High School

  • 250 18th Ave

  • 1.97 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,675. Typical income of Newark, NJ residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›272-274 Parker St

This home is located at 272-274 Parker St in Newark, NJ and zip code 07104 in the North Ward neighborhood. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $999,999.

The inventory of homes for sale in Newark, NJ between February 2024 and March 2024 increased by 31.1%. Listings spent 97 days on the market in March 2024, and had a median list price of $449,995 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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