203 Oliver St, Newark, NJ, 07105
About This Home
"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.". Has 2 garage and additional 3/4 parking spots who can provide additional $1,000.00 income per month
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Flat,Rubber
- Construction materials: Brick,Vinyl Siding
Notable Dates
- Major remodel year: 2015
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Exhaust Fan,Range/Oven - Gas,Kitchen Exhaust Fan,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Bedrooms,Kitchen,Living Room
- Flooring: Tile,Vinyl-Linoleum Floors,Wood
Heating & Cooling
- Heating features: 4+ Units,Baseboard - Hotwater,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Details
- Parcel number: 1614009560000000070000
- Zoning description: Residential
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Patio
- Fencing: Privacy,Wood
Lot
- Lot size: 2,613 sqft
- Features: Level
- Lot size dimensions: 25 x 112
Parking
- Total spaces: 5
- Parking features: Asphalt,Concrete Strip,Driveway-Exclusive,Parking Lot-Exclusive,Detached Garage,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 5
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
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,424 | $53,088 |
| Home Insurance * | $505 | $6,060 |
| Property Taxes | $1,531 | $18,372 |
| Electricity | $220 | $2,645 |
| Total | $6,680 | $80,160 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-21 | Listed for sale | $875,000 |
| 1998-05-21 | Sold | $169,000 |
View on Zillow