162 S 12Th St Newark, NJ $ 890,000
162 S 12Th St
$ 890,000
New Construction
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162 S 12Th St

Newark, NJ, 07107
$ 890,000
Bedrooms8 Baths5.0

Monthly Estimate*

$ 5,552

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Multi-Family Home for sale in Newark, NJ

for $890,000 with 8 bedrooms and 5 full baths. This home was built in 2025 on a lot size of 0.08.

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, 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.

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Multi-Family Pending

Price

$ 890,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 1,505

Style

3-Three Story

Lot Size

0.08

Year Built

2025

Town/City

Newark

County/Region

Essex

MLS | Web ID

3980106

Features
General
Sewer Public Available
Heating Forced Hot Air
Cooling Central Air
Utilities All Underground
Possession AT CLOSING
Roof Asphalt Shingle
Architectural Style 3-Three Story
Exclusions PERSONAL PROPERTY
Year Built 2025
Township Newark City
Tax Year 2024
Gross Income 999
County Essex
Net Operating Income 999
Operating Expense 999
Total Rooms 17
Full Baths 5
Status Under Contract
Directions CENTRAL AVE TO S 12TH ST
Open Parking Spaces 5
Number Of Units Total 3
Tax Annual Amount 1505
Drive 2 Car Width
Standard Status Under Contract
Tax Assessed Value 39600
Town # 1614
Tax Lot 56
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 33.4X100
Lot Size Acres 0.08
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Interior
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Unit 3 Baths Total 2.0
Unit 3 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 8
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* Excluded Features
List By
SIMONE JELKS-BANDISON

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$5,678
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,552
Monthly Property Taxes
$125
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/8/2025$890,000 Listed Price

Map


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162 S 12Th St, Newark, NJ, 07107 is a Multi-Family Home for sale at $890,000 with a lot size of 0.08. 162 S 12Th St has 8 bedrooms, 5.0 baths, and was built in 2025. The property's zip code is 07107 which is in Newark, NJ