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204 Parkhurst St 5 Unit Apartment Building $1,195,000 ($239,000/Unit) 6.44% Cap Rate Newark, NJ 07114
Executive Summary
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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,195,000 | Building Class | B |
| Price Per Unit | $239,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,800 SF |
| Cap Rate | 6.44% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MX2 - multi-family / mixed-use | ||
| Price | $1,195,000 |
| Price Per Unit | $239,000 |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,800 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
| Zoning | MX2 - multi-family / mixed-use |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Ceiling Fans
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Oven
- Tub/Shower
- Basement
- Den
- Dining Room
- Family Room
- Island Kitchen
- Linen Closet
- Office
- Pantry
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-01164-0000-00041 | Total Assessment | $323,500 |
| Land Assessment | $100,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $223,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
14-01164-0000-00041
Land Assessment
$100,000
Improvements Assessment
$223,500
Total Assessment
$323,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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204 Parkhurst St
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