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.
Under contract
$679,000
242-244 Eastern Pkwy, Newark City, NJ 07106
8beds
19,998sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$698,000 Zestimate®
$34/sqft
$-- HOA
What's special
Finished basementCentral airModern updatesBonus unitAbundant natural lightExclusive drivewayGenerous layouts
- 49 days
- on Zillow |
- 212 |
- 6 |
Zillow last checked: 9 hours ago
Listing updated: July 17, 2025 at 04:40am
Listed by:
Tovia Lichtman 347-470-6144,
Keller Williams Mid-Town Direct
Source: GSMLS,MLS#: 3971941

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3.2
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range/Oven - Gas, Refrigerator, Microwave Oven
Features
- Bedrooms, Dining Room, Kitchen, Living Room, Living/Dining Room
- Basement: Yes,Finished,Full
- Has fireplace: No
Interior area
- Total structure area: 19,998
- Total interior livable area: 19,998 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway-Exclusive, Attached Garage
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: 3-Three Story
- Stories: 3
- Fencing: Metal Fence
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 50 x 80
Details
- Parcel number: 1614041400001000060000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt Shingle
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Underground Utilities
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
Location
- Region: Newark
Financial & listing details
- Price per square foot: $34/sqft
- Tax assessed value: $173,900
- Annual tax amount: $6,613
- Date on market: 6/26/2025
- Total actual rent: 19998
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
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