$679,000
OPEN SUN 12PM - 2PM

242-244 Eastern Pkwy Newark, NJ 07106

Ivy Hill Neighborhood

Estimated payment $4,319/month

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

Open House Schedule

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: 2025-06-26
  • Number Images: 46
  • Attribution Contact: 347-470-6144
  • MLS Status: Active
  • Special Features: OpenHouse
  • 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:

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Average Value
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Sold Price
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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
06/26/2025 06/26/25 For Sale $679,000 -- --
Source: Garden State MLS

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Source: Garden State MLS

MLS Number: 3971941

Garden State MLS