Property

Newark City, NJ 07107 162 S 12Th St

Pending
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Presented By: COLDWELL BANKER REALTY; 973-866-5187
  • MLS# 3980106
  • 08/07/2025
  • Request Tour
  • Request Info
  • 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, 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: COLDWELL BANKER REALTY; 973-866-5187

Interior Features for 162 S 12Th St

Bedrooms

Total Bedrooms8
Unit 1 Beds Total2
Unit 2 Beds Total3
Unit 3 Beds Total3

Bathrooms

Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total2.0
Unit 3 Baths Total2.0

Other Interior Features

Unit 1 Sq Ft1500
Unit 2 Sq Ft1621
Unit 3 Sq Ft1621
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent999
UnitType2TotalRent999
UnitType3TotalRent999
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipDishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit 2 Appl/EquipDishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Unit 3 Appl/EquipDishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator
Fuel TypeGas-Natural

Other Rooms

Unit 2 Rooms6
Unit 1 Rooms5
Unit 3 Rooms7
Unit 3 Room DescriptionBedrooms, Den, Kitchen, Laundry Room, Living/Dining Room
Unit 1 Room DescriptionBedrooms, Kitchen, Laundry Room, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Kitchen, Laundry Room, Living/Dining Room

General for 162 S 12Th St

Architectural Style3-Three Story
CoolingCentral Air
CountyEssex
DirectionsCENTRAL AVE TO S 12TH ST
Drive2 Car Width
EasementUnknown
ExclusionsPERSONAL PROPERTY
Full Baths5
Gross Income999
HeatingForced Hot Air
Net Operating Income999
Number Of Units Total3
Open Parking Spaces5
Operating Expense999
PossessionAT CLOSING
RoofAsphalt Shingle
SewerPublic Available
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount1505
Tax Assessed Value39600
Tax Lot56
Tax Year2024
Total Rooms17
Town #1614
TownshipNewark City
UtilitiesAll Underground
Year Built2025

Exterior for 162 S 12Th St

Exterior DescriptionVinyl Siding
Lot Dimensions33.4X100
Lot Size Acres0.08
Water SourcePublic Water

Additional Details

Price History

Brian Lee

Associate
Price $890,000
MLS#3980106
List Date 08/07/2025
Property Type Pending
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