202 Eastern Parkway, Newark, NJ 07106
Local realty services provided by:ERA Queen City Realty
202 Eastern Parkway,Newark, NJ 07106
$850,000
- - Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: karla guevara
Office: century 21 venture real estate-kearny201-991-1300
MLS#:26023209
Source:NJ_MLS
Price summary
- Price:$850,000
About this home
Positioned in NewarkÁ¢‚¬„¢s highly desirable Ivy Hill neighborhood, just steps from Seton Hall University, this 4-family property, with 8 bedrooms and 5 full baths, presents a rare opportunity for investors and owner-occupants alike. Enjoy convenient access to the lifestyle and amenities of South Orange Village and the greater SOMA community without the premium price tag. Commuters will appreciate the nearby train service providing easy access to New York City. What sets this property apart? Aside from low property taxes and four income-producing units, the home features a finished basement with three additional rooms and a full bathroom, offering valuable flexibility and potential. The building is equipped with separate gas and electric meters, separate and new hot water heaters, and three out of four newer boilers, providing operational efficiency and ease of management. The property offers strong potential for student housing, making it an attractive long-term investment with strong upside. Whether you're seeking immediate cash flow, future appreciation, or a combination of both, this asset checks all the boxes for a buy-and-hold strategy. The property also includes four garages and long driveway, providing additional value and income potential. Property and garages are being conveyed in as-is condition....
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Home facts
- Listing ID #:26023209
- Added:93 day(s) ago
- Updated:September 23, 2026 at 07:39 AM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:16
Finances and disclosures
- Price:$850,000
- Tax amount:$9,993
Features and amenities
- Laundry features:Hook Ups
Parking
- Garage spaces:4
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