4 months on rocket

247 Parker St, Newark City, NJ, 07104

$700,000

Home List Price

$8,313*

Closing Credit

7 Bedrooms
4 Full Baths
Multi

Location

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247 Parker St, Newark$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking2 Car Width, Concrete
Year Built1910
HeatingNatural Gas
BasementYes
MLS #3922135
Lot Size0.06 Acres
StatusActive

About 247 Parker St

Welcome to 247 Parker St, a stunning multi-family property in North Newark, NJ. The 1st and 2nd floor units have 3 bedrooms, 1 bath, a living room, and an eat-in kitchen. The 3rd floor is a 1 bedroom, 1 bath, living room, and kitchen, providing ample space for comfortable living or rental opportunities. Outside, the property features a fenced-in backyard with a deck on the 1st and 2nd floors, offering a private space for outdoor relaxation and gatherings. There is a 2-car driveway and a full basement. The roof and electricity were replaced last year. Conveniently located in the vibrant city of Newark, this home provides easy access to various amenities, including Branch Brook Park only a few blocks away, shopping, and restaurants. The bus stop to Broad St. train Station is only a few feet from the house, ensuring that everything you need is a short distance away. Don't miss the opportunity to make this remarkable multi-family property your own. The 1st and 2nd floors are rented month to month and the 3rd floor is vacant and ready to move, start generating income, or live rent-free. Sold AS IS.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1910

Listing Office:

  • Office Name: COMPASS NEW JERSEY LLC
  • Office Phone: (908) 307-8701

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Smoke Detector

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Parking: 2 Car Width, Concrete

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: From 2nd Ave to Parker St

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
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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. Sold Price

$440K

Med. Price/SqFt

$214

Avg. Days On Market

31

# of Sold Homes

31

247 Parker St vs Newark

121 DAYS ON ROCKET

+90 Days

$700,000

+$260K More

KEY TAKEAWAY

This property is $260K more than the Median Sold Price in Newark, NJ.

Based on homes sold in December 2024

MLS Details

MLS Information:

  • MLS Number: #3922135

Listing Office:

  • Office Name: COMPASS NEW JERSEY LLC
  • Office Phone: (908) 307-8701

Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/7/2025, 12:55:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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.

Nearby Schools

school-card-donut-758081
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.30 miles

  • Public District Grades PK-4

school-card-donut-758082
4
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.44 miles

  • Public District Grades PK-4

school-card-donut-758083
3
/10

  • Salome Urea Elementary School

  • 284 1st Ave W

  • 0.75 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,355. Residents of Newark, NJ typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›247 Parker St

This home is located at 247 Parker St in Newark City, NJ and zip code 07104 in the North Ward neighborhood. This home, which was built in 1910, sits on a 0.06 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 07, 2024 and is currently priced at $700,000.

Newark, NJ housing market in December 2024 saw over 17 listings sold above listed price, more than 6 sold at listed price and over 8 sold below. The number of listings in Newark, NJ increased by 10.8% between November 2024 and December 2024. Listings spent 31 days on the market in December 2024, and had a median list price of $440,000 during the same period.

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

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