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$470,000
305 Eastern Parkway, Newark, NJ, 07106
MLS# 26040786
4
Bedrooms
3
Bathrooms
1
Half Baths
0.089 acres (3,878 sqft)
Lot Size
1950
Year Built
Residential — Ranch
Property Type
Description
TWO LOTS FOR THE PRICE OF ONE! Double the land and twice the opportunity this renovated Newark home comes with an included second lot for rare outdoor space and incredible value! Step inside this 4-bedroom, 3-bathroom home to a sunlit ground level designed for flexible living or a mother-daughter like setup, featuring a spacious family room, dining area, a large bedroom, a versatile bonus room, a renovated powder room, an updated full bathroom, laundry room, and attached garage. Head upstairs to find three additional generously sized bedrooms, an updated full bathroom, and an updated kitchen. Continue up to the walk-up attic offering endless storage options or potential future expanded space. Outside, step into an expansive backyard built for entertaining, summer barbecues, and relaxation, all doubled in size thanks to your included separate adjacent lot. Situated on a quiet dead-end street, buyers will love the extra privacy,new siding,newer roof, minimal traffic, and peaceful everyday living this location provides. Perfect for commuters, this property offers quick, effortless access to I-280, I-80, the Garden State Parkway, all major highways, and convenient local bus and train routes. Whether you are looking for room to grow or rare land value, this turnkey gem offers an unbelievable opportunity. Central Air unit being sold AS IS.
Tax & Financial Information
| Annual Property Taxes | $5,666 (NJ Public Records) |
| Tax Assessment | $149,000 |
| Land Assessment | $24,700 |
| Listed | October 26, 2026 |
Property Features
Interior
- ✓Heating: Baseboard,Gas,Radiators
- ✓Cooling: Central Air
Exterior & Lot
- ✓Parking: Attached
Listing Information
Listing Office: Keller Williams Realty - NJ Metro Group — 973-783-7400
Listing Agent: Simone John-Baptiste — 973-783-7400 — simonejhomeanddesign@kw.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 10/27/2026.
Total Monthly Cost
$3,499/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $94,000 | Loan: $376,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Newark
Northeast Corridor / PATH
Newark Penn Station
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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Information deemed reliable but not guaranteed. Last date updated: 10/27/2026.
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