204 Parkhurst St - Apartments FOR SALE


Newark, NJ 07114- South Ironbound
$1,195,000 USD
973-344-1000
204 Parkhurst St, Newark, NJ for Sale
$1,195,000 USD
Apartments - FOR SALE
1/30
null | 6.44% Cap Rate

204 Parkhurst St
Newark, NJ 07114
South Ironbound


OVERVIEW

Five-family investment property located in the Ironbound. The building features a well-balanced unit mix of two 1-bedroom units, two 2-bedroom units, and one 3-bedroom unit, providing strong rental demand and income stability. Ideal for investors seeking a steady, income-producing asset with diversified residential cash flow. Property offers long-term upside potential with the ability to increase rents over time. Conveniently located near major highways, public transportation, schools, and local amenities. Situated in a growing area of Newark with ongoing redevelopment.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

5

PRICE/UNIT

$239,000

CAP RATE

6.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,578 SF

ZONING

MX2

APN/PARCEL ID

14-01164-0000-00041

ASK ABOUT THIS PROPERTY

Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

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Luis NogueiraExit Lucky RealtyMore Info
973-344-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.