203 Oliver St
Newark City, NJ 07105
Price: $875,000
GSMLS: 4029193Type: Multi-Family
Style: 3-Three Story
Total Units: 4
Beds: 4
Baths: 4 Full
Garage: 2-Car
Year Built: 1900
Acres: 0.06
Property Tax: $7,164
Description
"Prime Investment Opportunity in Newark's Desirable Ironbound Section. This well-maintained four-family residence offers an exceptional value-add or turn-key opportunity for the savvy investor. Each of the four units features a functional 3-room layout, maximizing rental appeal. The property boasts significant premium amenities rarely found in this high-demand neighborhood, including a full basement with dedicated tenant storage, expansive rear parking, and two private detached garages. Situated in a high-occupancy area with easy access to Penn Station, local dining, and major transportation hubs, this asset is positioned for strong cash flow and long-term appreciation."
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Roof:
Flat, Rubberized
Exterior:
Brick, Vinyl Siding
Lot Size:
25X112
Lot Desc:
Level Lot
Parking
Garage Capacity:
2-Car
Description:
Detached Garage, Garage Parking
Parking:
Blacktop, Concrete Strip, Driveway-Exclusive, Parking Lot-Exclusive
Spaces Available:
3
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
4+ Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric
Services:
Cable TV Available
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$875,000
Tax Amount:
$7,164
Land Assessment:
$74,100
Build. Assessment:
$114,300
Total Assessment:
$188,400
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4029193
List Date:
05-21-2026
Days On Market:
1
Listing Broker:
SKY REALTY ASSOCIATES
Listing Agent:
Joao Fonseca
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BerkshireHillsLiving.com
