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164 Parker St, Newark, NJ, 07104

7beds
3baths
2,685sqft
$759,000
$283price/sqft
$5,958/moest. monthly cost
$238,320/yrincome needed

About This Home

Great opportunity to own a completely renovated three-family property in a convenient Newark location. Each unit features an eat-in kitchen, spacious living room areas, and comfortable bedrooms, making this property an attractive option for tenants.Unit 1: 3 bedrooms, eat-in kitchen, and a living roomUnit 2: 3 bedrooms, eat-in kitchen, living room, and a office Unit 3: 1 bedroom, eat-in kitchen, living room. This property also features a spacious unfinished basement, offering plenty of potential. Perfect for both owner-occupants and investors seeking rental income, it's conveniently located near shops, schools, parks, and public transportation. Situated in a well-established neighborhood, this home offers excellent accessibility and long-term value. Don't miss out schedule your showing today!

Getting Around

87
WalkingVery Walkable
73
TransitExcellent Transit
53
BikeBikeable

Schools

4/10
1/10
Barringer High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1957

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Eat-in Kitchen,Living Room,Eat-In Kitchen

Heating

  • Heating features: Forced Air,Electric,Natural Gas

Interior Area

  • Total structure area: 2,685
  • Total interior livable area: 2,685 sqft

Property

Details

  • Parcel number: 1614005070000000120000
  • Exclusions: Not Included: Unit 1,Unit 2,Unit 3 ALL window air-conditioner units

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 100

Parking

  • Parking features: On Street,None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,837$46,044
Home Insurance *$498$5,976
Property Taxes $1,328$15,936
Electricity $295$3,551
Total$5,958$71,496
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$204,274/yr
40% on housing$178,740/yr
45% on housing$158,880/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$283This listing

vs Other Active Listings

Avg $/sqft

ZIP 07104$315
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07104$299
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-30Price change$769,000
2026-02-12Listed for sale$789,000
2025-09-17Listing removed$765,000
2025-07-16Pending sale$765,000
2025-06-12Listed for sale$765,000
2010-06-15Sold$39,900
2010-04-24Price change$39,900
2010-03-05Listed for sale$74,900
2008-05-05Sold$400,000
2006-12-01Sold$295,000

For Sale by Agent

AgentJennifer Oliver-vernieri
BrokerageKeller Williams Village Square

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