488 S 12Th St Newark, NJ $ 425,000
488 S 12Th St
$ 425,000
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488 S 12Th St

Newark, NJ, 07103
$ 425,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 2,683

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Multi-Family Home for sale in Newark, NJ

for $425,000 with 7 bedrooms and 3 full baths. This home was built in 1940 on a lot size of 0.05.

Investor Opportunity ? Value-Add Two-Family in Newark!Attention investors, contractors, and experienced value-add buyers! This two-family property presents an outstanding opportunity to add to your portfolio in one of Newark?s established residential neighborhoods. Featuring two spacious units with 3 bedrooms each, plus a finished attic offering additional living space and flexibility, this property has the layout and potential investors are looking for.Whether your strategy is to renovate and hold for long-term rental income, reposition for increased cash flow, or add value for future appreciation, this property offers an excellent foundation with significant upside. The generous floor plans and multi-family configuration create strong income-producing potential once improvements are completed.Conveniently located near Newark Penn Station, NJ Transit, major highways, shopping, restaurants, schools, and parks, the property offers excellent accessibility for future tenants and long-term investment appeal.Property is being sold strictly As-Is. This is an ideal opportunity for cash buyers, investors, contractors, or those seeking their next renovation project. Buyer is responsible for conducting all due diligence. Don?t miss the chance to unlock the full potential of this income-producing property.

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Multi-Family Active

Price

$ 425,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 10,337

Style

3-Three Story

Lot Size

0.05

Year Built

1940

Town/City

Newark

County/Region

Essex

MLS | Web ID

4040252

Features
General
Sewer Public Sewer
Heating Baseboard - Electric See Remarks
Cooling Window A/C(s)
Utilities Gas-Natural
Possession 30-60
Roof Asphalt Shingle
Garage Spaces 0
Architectural Style 3-Three Story See Remarks
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 Active
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 Active
Tax Assessed Value 258500
Town # 1614
Tax Lot 41
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Interior
Basement 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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Exterior
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 22.33 X 100
Lot Size Acres 0.05
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* Excluded Features
List By
BENJAMIN RODRIGUEZ

Listing Agent

Keller Williams Village Square

Broker

team@benandbrentrealestate.com

Email

Affordability Calculator

$3,545
Per Month
76%
24%
0%
Monthly Principal & Interest
$2,683
Monthly Property Taxes
$861
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/13/2026$425,000 Listed Price

Map


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488 S 12Th St, Newark, NJ, 07103 is a Multi-Family Home for sale at $425,000 with 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