203 Oliver St | MLS #4029193 | RE/MAX of New Jersey

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.

Source: Garden State MLS, MLS#: 4029193

Listing provided courtesy of SKY REALTY ASSOCIATES- MLS# 4029193

Contact Information: 973-344-8880

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Property Type

Residential Income
Lot

0.06 acres

General

Income/Expenses

Expenses Include: Cold Water, Insurance, Taxes
Gross Income: 60000
Net Operating Income: 42000
Operating Expense: 18000

Building Information

Renovated Year: 2015
Year Built: 1900

Location/Region

County Or Parish: Essex

Building Exterior/Construction

Construction Date/Year Built Des: Renovated

Tax Information

City Tax: *
County Tax: *
Tax Amount Tax: *
Tax Annual Amount: $7,164.00
Tax Assessed Value: *
Tax Rate Amount: 3.803
Tax Rate Year: 2024
Tax Year: 2024
Tax Year Tax: *

General Information

Home Warranty: No
Property Type: Multi-Family
Senior Community: No
Zoning: Residential

Unit Information

Unit Style: 3-Three Story

Interior

Parking Information

Garage Spaces: 2

Beds/Baths

Bathrooms Full: 4
Bathrooms Half: 0
Bathrooms Total: 4.00
Bedrooms Total: 4

Building Interior

Garage Description: Detached Garage, Garage Parking
Water Heater: Gas

General Information

Cooling: Window A/C(s)
Heating: 4+ Units, Baseboard - Hotwater
Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Rooms Total: 12

Unit Information

Unit 1 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 1 Baths: 1.0
Unit 1 Bedrooms: 1
Unit 1 Fireplaces: 0
Unit 1 Handicap Modified: No
Unit 1 Levels: 1
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Rent: 950
Unit 1 Room Description: Bedrooms, Kitchen, Living Room
Unit 1 Rooms: 3
Unit 1 Sq Ft: 500
Unit 2 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 2 Baths: 1.0
Unit 2 Bedrooms: 1
Unit 2 Fireplaces: 0
Unit 2 Handicap Modified: No
Unit 2 Levels: 1
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Rent: 1100
Unit 2 Room Description: Bedrooms, Kitchen, Living Room
Unit 2 Rooms: 3
Unit 2 Sq Ft: 500
Unit 3 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 3 Baths: 1.0
Unit 3 Bedrooms: 1
Unit 3 Fireplaces: 0
Unit 3 Handicap Modified: No
Unit 3 Levels: 2
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 3 Rent: 0
Unit 3 Room Description: Bedrooms, Kitchen, Living Room
Unit 3 Rooms: 3
Unit 3 Sq Ft: 500
Unit 4 Appl/Equip: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas, Smoke Detector
Unit 4 Baths: 1.0
Unit 4 Bedrooms: 1
Unit 4 Fireplaces: 0
Unit 4 Handicap Modified: No
Unit 4 Levels: 2
Unit 4 Rent: 1100
Unit 4 Room Description: Bedrooms, Kitchen, Living Room
Unit 4 Rooms: 3
Unit 4 Sq Ft: 500

Exterior

Building Information

Color of Building: Brown

Parking Information

Parking Features: Blacktop, Concrete Strip, Driveway-Exclusive, Parking Lot-Exclusive
Parking Total: 3

Lot Information

Lot Features: Level Lot
Lot Size Area: 25X112
Water Source: Public Water

Building Exterior/Construction

Construction Materials: Brick, Vinyl Siding
Roof: Flat, Rubberized

General Information

Exterior Features: Patio, Privacy Fence, Wood Fence
Number Of Units Total: 4
Sewer: Public Sewer
Utilities: Electric

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Virginia Harpell
Sales Associate
RE/MAX House Values
Direct 973-650-1637

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 203 Oliver St

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
5/21/2026Source: Garden State MLS	Added to Database	May 21, 2026

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Life at 203 Oliver St

Schools

History