Active

$875,000

203 Oliver St, Newark City, NJ 07105

4beds

2,000sqft

$5,939/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$865,900 Zestimate^®

$438/sqft

$-- HOA

What's special

Expansive rear parkingTwo private detached garages

"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

93 days

172

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

4+ Units, Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Exhaust Fan, Range/Oven - Gas, Kitchen Exhaust Fan, Gas Water Heater

Features

Bedrooms, Kitchen, Living Room
Flooring: Tile, Vinyl-Linoleum Floors, Wood
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,000
Total interior livable area: 2,000 sqft

Property

Parking

Total spaces: 5
Parking features: Asphalt, Concrete Strip, Driveway-Exclusive, Parking Lot-Exclusive, Detached Garage, Garage
Garage spaces: 2
Uncovered spaces: 5

Features

Levels: 3-Three Story
Stories: 3
Patio & porch: Patio
Fencing: Privacy,Wood

Lot

Size: 2,613 Square Feet
Dimensions: 25 x 112
Features: Level

Details

Parcel number: 1614009560000000070000
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Roof: Flat,Rubber

Condition

Year built: 1900
Major remodel year: 2015

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Cable Available

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher

Location

Region: Newark

Financial & listing details

Price per square foot: $438/sqft
Tax assessed value: $188,400
Annual tax amount: $7,164
Date on market: 5/21/2026
Total actual rent: 5000
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Electric utility on property: Yes

Estimated market value

$865,900

$823,000 - $909,000

$2,354/mo

Price history

Date	Event	Price
5/21/2026	Listed for sale	$875,000+417.8%$438/sqft
Source: GSMLS #4029193 Report a problem
5/21/1998	Sold	$169,000$85/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,534 +5.2%	$188,400
2024	$7,165 +0.1%	$188,400
2023	$7,159	$188,400
2022	$7,159	$188,400
2021	$7,159 +1%	$188,400
2020	$7,086 +37.4%	$188,400
2019	$5,156	$188,400
2018	$5,156 -20.5%	$188,400
2017	$6,481 +4%	$188,400
2016	$6,234 +6.7%	$188,400
2015	$5,842 +5%	$188,400
2014	$5,563 -48%	$188,400
2013	$10,698 +3.7%	$188,400 -39.2%
2012	$10,314 +4.7%	$309,900
2011	$9,855 +16.1%	$309,900
2010	$8,488 +5.4%	$309,900
2009	$8,054 +4.4%	$309,900
2008	$7,717	$309,900
2007	$7,717	$309,900
2006	--	$309,900
2005	--	$309,900
2004	$6,694	$309,900
2003	--	$309,900 +2717.3%
2002	--	$11,000
2001	--	$11,000