Description
Introducing, newly constructed two-family home, anticipated for completion Summer/Fall 2026, designed for modern living and long-term stability - a rare pre-construction opportunity to own a brand-new two-family residence in Newark, thoughtfully developed in partnership with a local non-profit organization. Features: Two residential units, 4 bedrooms total, 2 full bathrooms, One-car garage, Contemporary layouts with efficient use of space, New construction systems and materials per approved plans. Owner-Occupancy Requirement: Property is subject to a 10-year deed restriction requiring owner-occupancy. Buyer must occupy the property as their primary residence in accordance with program guidelines. Property is eligible for a 5-year tax abatement, subject to municipal approval and compliance with applicable requirements. Seller concessions may be available to qualified buyers, subject to lender approval and loan program guidelines. All plans, specifications, timelines, pricing, tax abatements, and program terms are subject to change, municipal approvals, and final documentation. Renderings and plans are for illustrative purposes only. This opportunity is well suited for buyers seeking: Owner-occupied two-family living, Multigenerational housing, Pooled Income Housing, Long-term investment with rental income from an additional unit. For past new-build projects, see 42 and 44 Blum St.