$679,000
PENDING

242-244 Eastern Pkwy Newark, NJ 07106

Ivy Hill Neighborhood

Estimated payment $4,269/month

Total Views 99,557
8 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 2 Car Attached Garage
  • Private Driveway
  • Fenced
  • Forced Air Heating and Cooling System

About This Home

Fully renovated and move-in ready, 242 Eastern Parkway is a spacious three-story brick two-family home with a bonus unit, offering the perfect blend of modern updates and investment potential in a growing neighborhood. The first unit features 3 bedrooms and 1.5 bathrooms, while the second offers 4 bedrooms and 1.5 bathrooms?each with updated finishes, generous layouts, and abundant natural light. The finished basement adds even more versatility with a bonus unit that includes a bedroom and full bath, ideal for extended living or rental income. Complete with a 2-car attached garage, exclusive driveway, central air, and a fenced lot, this property is a standout opportunity for investors or owner-occupants. Conveniently located near schools, parks, transportation, and local amenities, this renovated two-family is ready to perform.

Listing Agent

TOVIA LICHTMAN

KELLER WILLIAMS MID-TOWN DIRECT Brokerage Phone: 347-470-6144 Listed on: 06/26/2025

KELLER WILLIAMS MID-TOWN DIRECT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,613

Year Built

  • Built in 1962

Lot Details

  • 3,920 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Attached Garage
  • Private Driveway

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities

Community Details

  • Net Operating Income $9,999

Listing and Financial Details

  • Assessor Parcel Number 1614-04140-0001-00006-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,613

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Unit Style: 3-Three Story
  • Year Built: 1962
  • Year Built Description: Approximate
  • County Name: Essex
  • Street Number Display: 242-244
  • Directions: Sanford Ave to Sanford Pl to Eastern Pkwy
  • I D: 5367767
  • Modified: 2025-07-17
  • Number Images: 46
  • Attribution Contact: 347-470-6144
  • MLS Status: Under Contract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Rooms: 19
  • Bedrooms: 8
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 2
  • Basement: Yes
  • Basement Description: Finished, Full

Exterior Features

  • Exterior Description: Brick
  • Exterior Features: Metal Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 2
  • Parking Driveway Description: Driveway-Exclusive

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: All Underground
  • Water: Public Water

Lot Info

  • Lot Size: 50X80
  • Assessed Improvement Value: 141100
  • Assessed Land Value: 32800
  • Assessment: 173900
  • Lot Identifier: 6
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.09

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Tax Amount: 6613
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-04140-0001-00006-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 2

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Pending -- -- --
06/26/2025 06/26/25 For Sale $679,000 -- --
Source: Garden State MLS

About the Listing Agent

TOVIA LICHTMAN
TOVIA LICHTMAN

KELLER WILLIAMS MID-TOWN DIRECT

(201) 932-2328

Section Image

View TOVIA's Profile

TOVIA's Other Listings

  • 44 Highland Terrace, Irvington, NJ 07111

    $619,000

    • 5 Beds
    • 2 Baths
    • 44 Highland Terrace
    • Irvington, NJ

    Welcome to 44 Highland Terrace, a beautifully renovated two-family home located in a convenient area of Irvington. The first unit features 2 bedrooms and 1 bathroom, while the second unit offers 3 bedrooms and 1 bathroom ideal for owner-occupants seeking rental income or investors looking to expand their portfolio. Both units offer bright, updated interiors with functional layouts and separate

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 101 Fabyan Place, Newark, NJ 07112

    $849,000 Pending

    • 11 Beds
    • 6 Baths
    • 101 Fabyan Place
    • Newark, NJ

    Welcome to 101 Fabyan Pl, a newly renovated, spacious three-story home featuring three well-appointed units with a total of 12 bedrooms and 6 bathrooms, perfect for those seeking ample living space and modern amenities. This property offers a thoughtfully designed layout, providing both comfort and functionality for all its residents. The interior of the home has been fully updated to offer

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 141 Fabyan Place, Newark, NJ 07112

    $649,000

    • 5 Beds
    • 3 Baths
    • 2,246 Sq Ft
    • 141 Fabyan Place
    • Newark, NJ

    Welcome to 141 Fabyan Place, a beautifully renovated two-family home offering a strong investment opportunity in a convenient Newark location. This updated property features a total of 5 bedrooms and 3 full bathrooms across two spacious units. The first unit includes 2 bedrooms and 1 bathroom, while the second offers 3 bedrooms and 2 bathrooms, each with eat-in kitchens, open living/dining areas,

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 22 Speedway Ave, Newark, NJ 07106

    $879,000 New Construction

    • 6 Beds
    • 4.5 Baths
    • 22 Speedway Ave
    • Newark, NJ

    Brand new construction in 2025! Welcome to 22 Speedway Avenue, a stunning newly built 2-family home in Newark, offering modern design, comfort, and strong investment potential. This under/over-style property features two spacious units: Unit 1 includes 3 bedrooms, 2.5 baths, a large living/dining area, and a beautiful eat-in kitchen; Unit 2 offers 3 bedrooms, 2 full baths, and a bright, open

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 51 Schley St Unit 53, Newark, NJ 07112

    $719,000 Pending

    • 9 Beds
    • 5 Baths
    • 51 Schley St
    • Unit 53
    • Newark, NJ

    Located at 51 Schley St in Newark, this expansive 3-story multi-family home presents an excellent investment opportunity or a spacious living arrangement. Featuring 9 bedrooms and 6 bathrooms, the property offers generous living space across three well-designed floors. Each level is thoughtfully laid out for privacy and functionality, with large living areas and an abundance of natural light. The

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 666 S 15th St, Newark, NJ 07103

    $599,000

    • 5 Beds
    • 2 Baths
    • 666 S 15th St
    • Newark, NJ

    Welcome to 666 S 15th Street, a beautifully renovated newer construction two-family home located in a convenient section of Newark. The first unit offers 2 bedrooms and 1 bathroom, while the second unit features 3 bedrooms and 1 bathroom?providing a versatile layout ideal for rental income or personal use. Both units have been thoughtfully updated and offer functional, modern living spaces ready

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 149 Dewey St Unit 151, Newark, NJ 07112

    $599,000 Pending

    • 6 Beds
    • 2 Baths
    • 149 Dewey St
    • Unit 151
    • Newark, NJ

    Don't miss this incredible opportunity to own a spacious and renovated 2-family home in the desirable Weequahic section of Newark! Whether you're looking to generate rental income or live in 1 unit and rent out the other, this property offers versatility and value. Each unit offers a spacious layout, with bright living spaces, ample bedrooms, and full bathrooms. The property also includes a full

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 6 White Terrace, Newark, NJ 07108

    $549,000

    • 4 Beds
    • 2.5 Baths
    • 6 White Terrace
    • Newark, NJ

    Welcome to 6 White Terrace, a beautifully renovated and majestic Colonial-style home tucked away on a quiet residential block in Newark. This meticulously updated property features 3 bedrooms, 2 full bathrooms, and 1 half bath, blending timeless character with modern upgrades throughout. A grand foyer sets the tone upon entry, leading to a formal living room, formal dining room, and a dedicated

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image
  • 827 S 11th St Unit 829, Newark, NJ 07108

    $549,000

    • 5 Beds
    • 1.5 Baths
    • 827 S 11th St
    • Unit 829
    • Newark, NJ

    Welcome to 827 S 11th Street, a beautifully renovated home offering 5 bedrooms and 1.5 bathrooms in a convenient Newark location. This spacious property features a formal dining room, an updated eat-in kitchen, and a versatile den on the first floor that can be used as a home office or additional living room. With modern finishes and a functional layout, this home provides both comfort and

    TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT

    Section Image

Source: Garden State MLS

MLS Number: 3971941

Garden State MLS

New Jersey Essex County Newark 07106 Ivy Hill

242-244 Eastern Pkwy, Newark, NJ

This home is located at 242-244 Eastern Pkwy, Newark, NJ 07106 and is currently priced at $679,000. This property was built in 1962. 242-244 Eastern Pkwy is a home located in Essex County with nearby schools including Mt. Vernon School, Lincoln Elementary School, and Hawthorne Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

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.



This information is being provided 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.

Nearby Homes
TOVIA LICHTMAN
TOVIA LICHTMAN
Listing Agent Section Image
KELLER WILLIAMS MID-TOWN DIRECT
(201) 932-2328