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Welcome to 176 Parker St, a charming and well-maintained 2-family home in the highly sought-after North Newark neighborhood, just steps from scenic Branch Brook Park with its sports fields, trails, and tranquil green spaces.Fully renovated in 2020, this property features two spacious units, perfect for owner-occupants or investors. The larger 2nd unit is vacant and move-in ready, offering 3 bedrooms and 2 bathrooms, including a master suite with an ensuite bath. The modern kitchen boasts stainless steel appliances, including a stove, dishwasher, microwave, and refrigerator.The 1st unit includes 2 bedrooms and 2 full bathrooms, with a master suite featuring its own ensuite bath. This unit is tenant-occupied on a month-to-month lease at $1,725, providing reliable rental income. Both units offer central air conditioning and forced heat for year-round comfort.Additional highlights include a generous backyard for outdoor enjoyment and easy access to schools, shopping, and public transportation.Financing Perks: This home qualifies for the Community Loan Program, featuring a super-low interest rate of 5.75% or 5.875% with just 5% down (CONV, NO PMI) and a 1% lender credit towards closing costs. Plus, you may be eligible for up to $30K in down payment assistance!Don?t miss this rare opportunity in North Newark!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/19/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Newark |
| COUNTY | Essex | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Newark |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 2614 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | 3-Three Story |
| TAXES | 4316 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with NEW AND MODERN GROUP
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