Property

Newark, NJ 07107 162 S 12th Street

162 S 12th Street Newark, NJ - Image 1162 S 12th Street Newark, NJ - Image 2162 S 12th Street Newark, NJ - Image 3
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Presented By: Simone Jelks-Bandison with Coldwell Banker, Upper Montclair - 973-233-2300
  • MLS# 25028266
  • 08/07/2025
  • Request Tour
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  • Beds • 8
  • Baths • 5

Home Details

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, multigenerational households, 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.
Presented By: Simone Jelks-Bandison with Coldwell Banker, Upper Montclair - 973-233-2300

Interior Features for 162 S 12th Street

Bedrooms

Total Bedrooms8

Bathrooms

Half Baths0
Total Baths5

Other Interior Features

Heating Y/NNo
Laundry FeaturesIn Unit

General for 162 S 12th Street

Architectural Style3 Family
CityNewark
CountyESSEX
DisclosuresSeller's Agent, Seller Disclosure - Yes
Full Baths5
HOANo
Lease Considered Y/NNo
MLS Area Minor400
ModificationTimestamp2025-08-13T17:40:03.1+00:00
Property Sub Type AdditionalOther
Property Type2-4 Family
RoomsNone
Standard StatusActive
StatusActive - Active
Tax Annual Amount1505.0
Total Rooms18
UtilitiesElectricity Connected, Natural Gas Connected, Sep Heat
Year Built DetailsNew Const-New Fdn

Additional Details

Price History

YOLANDA CASSIDY-BOGAN

Associate
Price $890,000
MLS#25028266
List Date 08/07/2025
Property Type Multi-Family
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