265 Dr Martin Luther King J, Newark, NJ, 07102
About This Home
Once-in-a-Lifetime Opportunity! Four-story property in the heart of downtown, surrounded by universities, shopping, dining, and more. Featuring beautiful original details and a legal rooming house license, this property offers incredible potential for investors or renovators. Home requires extensive renovations and is being sold strictly as-is.
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1887
Materials
- Roof: See Remarks
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: See Remarks
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: See Remarks
Basement
- Has basement: Yes
- Basement: Yes,Full
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating & Cooling
- Heating features: Radiant - Hot Water,Natural Gas
- Cooling features: Window Unit(s)
Kitchen
- Features: See Remarks
Property
Details
- Parcel number: 1614028280000000110000
Lot
- Lot size: 2,178 sqft
- Lot size dimensions: 20.4 x 100
Parking
- Parking features: 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
- Cold Wave
- Earthquake
- 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 | $2,022 | $24,264 |
| Home Insurance * | $137 | $1,644 |
| Property Taxes | $700 | $8,400 |
| Electricity | $193 | $2,318 |
| Total | $3,052 | $36,624 |
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 |
|---|---|---|
| 2026-07-31 | Listed for sale | $400,000 |
View on Zillow