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203 Oliver St

Newark City, NJ 07105
  • $875,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 4029193
UPDATED: 91 min ago
$875,000
  • 4
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

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."

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-10T23:49:09.837.
www.pickpina.com/homes/176730461
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203 Oliver St Newark City, NJ 07105

  • Price: $875,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 91 min ago
  • MLS #: 4029193
4
Beds
4
Baths
0
½ Baths
0.06
Acres
1900
Built
County:
Essex
Area:
Newark City
Property 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."
Exterior Features

Approximate Lot Size 25X112 Color Of Building Brown Exterior Description BrickVinyl Siding Exterior Features PatioPrivacy FenceWood Fence Garage Description Detached GarageGarage Parking Lot Description Level Lot Number Of Parking Spaces 3 Parking Driveway Description BlacktopConcrete StripDriveway-ExclusiveParking Lot-Exclusive Roof Description FlatRubberized

Interior Features

Basement Yes Basement Description Unfinished Cooling Window A/C(s) Heating 4+ UnitsBaseboard - Hotwater Interior Features Carbon Monoxide DetectorFire ExtinguisherSmoke DetectorTile FloorsVinyl-Linoleum FloorsWood Floors Total Number Of Rooms 12 Unit1 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - GasSmoke Detector Unit1 Baths 1.0 Unit1 Bedrooms 1 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsKitchenLiving Room Unit1 Rooms 3 Unit1 Security Deposit 0 Unit1 Sq Ft 500 Unit2 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - GasSmoke Detector Unit2 Baths 1.0 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description BedroomsKitchenLiving Room Unit2 Rooms 3 Unit2 Sq Ft 500 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 2 Unit3 Room Description BedroomsKitchenLiving Room Unit3 Rooms 3 Unit3 Sq Ft 500 Unit4 Appliances Equipment Carbon Monoxide DetectorKitchen Exhaust FanRange/Oven - GasSmoke Detector Unit4 Baths 1.0 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 2 Unit4 Room Description BedroomsKitchenLiving Room Unit4 Rooms 3 Unit4 Sq Ft 500

Property Features

Assessment Total 188400 Building Assessment 114300 Easement No Expenses Include Cold WaterInsuranceTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 60000 Home Warranty No Land Assessment 74100 Net Operating Income 42000 Renovated Year 2015 Services Cable TV Available Sewer Public Sewer Tax Amount 7164 Tax Rate Amount 3.803 Tax Rate Year 2024 Tax Year 2024 Total Operating Expense 18000 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 950 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1100 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 0 Unit3 Security Deposit 0 Unit4 Handicap Modified No Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 1100 Unit4 Security Deposit 0 Utilities Electric Water Public Water Water Heater Gas Year Built Description Renovated Zoning Residential

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Sky Realty Associates: 973-344-8880.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-10T23:49:09.837.
 
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