Open House 6/13 12pm - 2:30pm
488 S 12Th St
Newark, NJ, 07103 $ 499,888
Bedrooms7 Baths3.0 Sq 2,284 Monthly Estimate*
$ 3,078
for $499,888 with 7 bedrooms and 3 full baths. This 2,284 square foot home was built in 1940 on a lot size of 0.05.
Turnkey Investment Opportunity or Perfect House Hack! Welcome to this fully renovated two-family home in the heart of Newark, offering the ideal blend of modern living and strong income potential. Each unit features 3 spacious bedrooms, updated finishes, and comfortable layouts designed for today's lifestyle. A fully finished attic provides valuable bonus living space perfect for a home office, recreation room, guest space, or extended living needs.Whether you're an investor seeking strong rental income or an owner-occupant looking to offset your mortgage, this property offers exceptional flexibility and cash-flow potential. Live in one unit and collect rent from the other, or maximize your returns by renting both units.Conveniently located near major transportation, including Newark Penn Station, NJ Transit, shopping, restaurants, schools, parks, and major highways, making commuting and daily errands a breeze. With renovations already completed, this is a true turnkey opportunity ready for its next owner.Don't miss your chance to own this income-producing multifamily property with modern updates, spacious layouts, and a prime location close to everything Newark has to offer. Schedule your private showing today!
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Open House
6/13/2026 12:00 PM - 2:30 PM
6/14/2026 1:00 PM - 3:00 PM
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Public Sewer
Heating Baseboard - Electric See Remarks
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession 0-30
Roof Asphalt Shingle
Garage Spaces 0
Architectural Style 3-Three Story
Year Built 1940
Township Newark City
Tax Year 2025
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 13
Full Baths 3
Status Coming Soon
Directions Off South Orange Ave and 1th Ave.
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 10337
Drive On-Street Parking
Standard Status Coming Soon
Tax Assessed Value 258500
Town # 1614
Tax Lot 41
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InteriorBasement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 2.0
Unit 2 Beds Total 4
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 7
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ExteriorWater Source Public Water
Exterior Description Aluminum Siding
Building Area Total 2284
Lot Dimensions 22.33 X 100
Lot Size Acres 0.05
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* Excluded FeaturesList ByBENJAMIN RODRIGUEZListing Agent
Keller Williams Village SquareBroker
team@benandbrentrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,078
- Monthly Property Taxes
- $861
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $727,979
Percent of Sale Price 46%
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.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/10/2026 | $499,888 | | Listed Price |
488 S 12Th St, Newark, NJ, 07103 is a Multi-Family Home for sale at $499,888 with 2,284 sqft and a lot size of 0.05. 488 S 12Th St has 7 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 07103 which is in Newark, NJ