427-429 N 12TH Street
Newark, NJ, 07107 $ 799,000
Bedrooms5 Baths4.0 Sq 5,478 Monthly Estimate*
$ 4,985
for $799,000 with 5 bedrooms and 4 full baths. This 5,478 square foot home was built in 1932 on a lot size of 0.0803.
Excellent Investment Opportunity in this sprawling 4 Unit Multifamily Home with Bonus Finished Basement in thriving Newark! Well maintained, offering over 5000+ sq ft of finished living, 5 Bedrooms, 6 Full Baths, and plenty of versatile bonus rooms to make your own. Perfectly appointed in a prime commuter location, just steps to the public transit bus line and light rail, major roads, shopping, parks, schools, and more! Units 1 and 2 make for accessible living on the first floor, each offering 1 bedroom, 1 full bath, kitchen and living area. On the second level, unit 3 also offers 1 bedroom, 1 fully renovated full bath, kitchen and living area. Unit 4 boasts 2 bedrooms, 1 fully renovated full bath, kitchen and living area. Units 3 & 4 also offer new electrical throughout. The finished basement features a studio apartment type layout with living area, kitchen, full bath and bonus room. Adjacent living space holds another full bath, kitchen, two bonus rooms and a storage room. Endless possibilities here! Semi-private entrances, separate gas & electric meters, large finished 1 Car Garage for extra storage, and a vinyl fenced backyard. Newer commercial rubber roof with 50 yr durability. A prime rental property to add to your portfolio, this opportunity is not to be missed! Come and see TODAY!
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FeaturesGeneralLiving Area 5478
Sewer Public Sewer
Heating Radiators-Steam
Cooling Ceiling Fan(s) None
Utilities Electricity Connected Natural Gas Connected
Roof See Remarks
Appliances Water Heater(Gas) Water Heater Unit 1(Range/Oven) Unit 2(Range/Oven) Unit 3(Range/Oven) Unit 4(Range/Oven)
Garage Spaces 1
Gas Y/N Natural Gas
Patio/Porch Features Patio
Year Built 1932
Stories Count 2
Property Subtype 4 Family
Tax Year 2024
Ownership Fee Simple
Community Features Curbs Sidewalks
County Essex
Property Type Residential Income
Attached Garage No
Garage Y/N Yes
Other Structures Outbuilding
Total Rooms 13
Full Baths 0
Close Price 0
Status Active
City Newark
Lot Size Square Feet 3498
Carport Spaces 0
Carport Y/N No
Tax Annual Amount 7914
Living Area Units Square Feet
Standard Status Active
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InteriorInterior Amenities Unit 1(1 Bedroom Kitchen 1 Bath Living Room) Unit 2(1 Bedroom Kitchen 1 Bath Living Room) Unit 3(2 Bedrooms Kitchen 1 Bath Living Room) Unit 4(1 Bedroom Kitchen 1 Bath Living Room)
Basement Full Finished Bath Full Bedroom Other Room(s) Exterior Entry Recreation Room Tenant Use Utility Room Kitchen
Total Stories 2
Heating Y/N Yes
Half Baths 0
Total Bedrooms 0
Total Baths 6
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ExteriorExterior Amenities Patio Curbs Sidewalk Fencing/Wall Outbuilding(s) Semi-Private Entry
Fencing Fencing/Wall
Parking Features Garage Detached 3-4 Car Parking On Street
Lot Features Near Shopping Near Train Level Near Public Transit
Water Source Public
Lot Size Area 0.0803
Building Area Total 5478
Lot Dimensions 100.00 x 35.00
Lot Size Acres 0.0803
Covered Spaces 1
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByROBERT DEKANSKIListing Agent
Re/Max 1St AdvantageBroker
robertdekanski@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,985
- Monthly Property Taxes
- $660
- 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.
Learn more about how to save NearbyMulti-family listings in Newark, NJ
Average List Price $718,399
Percent of Sale Price 10%
About Newark, NJ 283,201 Population
4% Since 2002
$ 35,768 Median Income
34.98 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
392003 Elementary School
392100 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/11/2025 | $799,000 | | Listed Price |