162 S 12th St
Newark City, NJ 07107
Price: $890,000
GSMLS: 3980106Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 5
Baths: 5 Full
Garage: No
Year Built: 2025
Acres: 0.08
Property Tax: $1,505
Description
New Construction 3-family 162 South 12th Street, Newark, Njnow Active Legal 3-family Tax Abatement Eligible Naca & Va Buyer Friendlystep Into Ownership And Opportunity With This Brand-new, Legal 3-family Home In One Of Newark's Most Active Growth Corridors. This Newly Constructed Property Is The Ideal Match For First-time Buyers, Investors, Multigenerational Households, Or Veterans Looking To Build Long-term Wealth Through Real Estate.with A Smart Layout Across All Three Units, This Home Features 8 Generously Sized Bedrooms, 5 Full Bathrooms, And A Bonus Office/flex Space Perfect For Remote Work Or Added Functionality. Each Unit Includes Open-concept Living Areas, Nicely Sized Bedrooms, Laundry Hookups, And Separate Utilities For Easy Management.a 3-car Garage And Additional Driveway Parking Add Rare And Valuable Off-street Convenience.*this Property Qualifies For Newark's 5-year Tax Abatement, Reducing Operating Expenses And Increasing Cash Flow An Incredible Advantage For Investors And Owner-occupants Alike.*perfect For Buyers Using Naca's No-money-down Program Or Va Benefits This Home Combines Affordability With Strong Income Potential.*just Minutes From Downtown Newark, Transit, Universities, And Redevelopment Zones This Location Is Set For Appreciation And High Rental Demand.*final Stages Of Construction Underway*appraisal On File*schedule Your Private Tour Today Before It Hits The Radar Of Every Serious Buyer In The Area.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
17
Basement:
No
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
33.4X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
2 Car Width
Spaces Available:
5
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Laundry Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Laundry Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Den, Kitchen, Laundry Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Available
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$890,000
Tax Amount:
$1,505
Land Assessment:
$39,600
Build. Assessment:
$0
Total Assessment:
$39,600
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3980106
List Date:
08-07-2025
Days On Market:
0
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MeadowsRoxbury.com
