Properties

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, 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.

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air
  • Roof Deck : Asphalt Shingle
  • Parking : 5
  • Parking Description: 2 Car Width
  • Tax Assessed Valuation: 39600
  • Sewer: Public Available
  • Water: Public Water

Appliances

  • Utilities: All Underground
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 0024A2
  • Agent ID: 308276
  • Tax: 1505
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$890,000

162 S 12Th St, Newark City, *

  • SQFT 33.40 Acre
  • Bedroom 8
  • Built Year 2025

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5377177
  • Price: $890,000
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 2025
  • Year Built Description: Under Construction
  • Lot Area: 33.40 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: S 12Th St
  • Street Number: 162
  • Street Direction: CENTRAL AVE TO S 12TH ST
  • Floor Number: 0
  • Longitude: W75° 48' 5.1''
  • Latitude: N40° 44' 55.2''
  • Internet Display Address: Yes
Property