Properties

Description

Rare opportunity to acquire an exclusive portfolio of 5 side by side brick brownstones located on S 12th St in the heart of Newark, NJ. This premier investment package includes 31, 31.5, 33, 33.5, and 37 S 12th St, totaling 11 units across 5 properties offering 27 bedrooms and 15 bathrooms, all updated in 2025. All units are currently tenant occupied and generating consistent rental income from day one, making this a true income-producing portfolio acquisition with low combined 2025 taxes. Situated on an R4 zone, this portfolio presents an exceptional future development opportunity for the visionary investor looking to maximize long-term value while collecting immediate cash flow. Whether you are a seasoned investor looking to expand your portfolio or a developer seeking a strategic land position in one of Newark's most active markets, this package checks every box. Perfectly situated with easy access to major highways and NJ Transit for a seamless commute to NYC. Each property can also be purchased individually. Opportunities like this do not last. Schedule your showing today.

Features

  • Heating System : See Remarks
  • Cooling System : See Remarks
  • Basement : Full
  • Roof Deck : Asphalt Shingle
  • Lot Description: Corner
  • Tax Assessed Valuation: 97500
  • Sewer: Public Available
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural, See Remarks

Additional Info

  • Office Name: RE/MAX PROFESSIONALS I
  • Office MLS ID: 226401
  • Agent ID: 407827
  • Tax: 3899
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: R-4

Commercial For Sale

For Sale
$2,750,000

31 S 12Th St, Newark City, *

  • SQFT 16.60 Acre
  • Built Year 1920

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5448445
  • Price: $2,750,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1920
  • Year Built Description: Approximate, Renovated
  • Lot Area: 16.60 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: 31
  • Street Direction: Central Ave to S 12th St
  • Floor Number: 0
  • Longitude: W75° 48' 13.2''
  • Latitude: N40° 45' 11.8''
  • Internet Display Address: No
Property