Property

Newark City, NJ 07103 488 S 12Th St

488 S 12Th St Newark City, NJ - Image 1488 S 12Th St Newark City, NJ - Image 2488 S 12Th St Newark City, NJ - Image 3
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Presented By: KELLER WILLIAMS VILLAGE SQUARE
  • MLS# 4033505
  • 06/10/2026
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 3
  • SQFT • 2,284

Home Details

Turnkey Investment Opportunity or Perfect House Hack! Welcome to this fully renovated two-family home in the heart of Newark, offering the ideal blend of modern living and strong income potential. Each unit features 3 spacious bedrooms, updated finishes, and comfortable layouts designed for today's lifestyle. A fully finished attic provides valuable bonus living space perfect for a home office, recreation room, guest space, or extended living needs.Whether you're an investor seeking strong rental income or an owner-occupant looking to offset your mortgage, this property offers exceptional flexibility and cash-flow potential. Live in one unit and collect rent from the other, or maximize your returns by renting both units.Conveniently located near major transportation, including Newark Penn Station, NJ Transit, shopping, restaurants, schools, parks, and major highways, making commuting and daily errands a breeze. With renovations already completed, this is a true turnkey opportunity ready for its next owner.Don't miss your chance to own this income-producing multifamily property with modern updates, spacious layouts, and a prime location close to everything Newark has to offer. Schedule your private showing today!
Presented By: KELLER WILLIAMS VILLAGE SQUARE

Interior Features for 488 S 12Th St

Bedrooms

Total Bedrooms7
Unit 1 Beds Total3
Unit 2 Beds Total4

Bathrooms

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

Other Interior Features

Unit 1 Sq Ft900
Unit 2 Sq Ft1150
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipSee Remarks
Unit 2 Appl/EquipSee Remarks
BasementUnfinished
Fuel TypeGas-Natural

Other Rooms

Unit 2 Rooms8
Unit 1 Rooms5
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Living Room, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Dining Room, Kitchen, Living Room, Living/Dining Room

General for 488 S 12Th St

Architectural Style3-Three Story
CoolingWindow A/C(s)
CountyEssex
DirectionsOff South Orange Ave and 1th Ave.
DriveOn-Street Parking
EasementNo
Full Baths3
Garage Spaces
Gross Income
HeatingBaseboard - Electric, See Remarks
Net Operating Income
Number Of Units Total2
Open Parking Spaces
Operating Expense
Possession0-30
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10337
Tax Assessed Value258500
Tax Lot41
Tax Year2025
Total Rooms13
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built1940

Exterior for 488 S 12Th St

Building Area Total2284
Exterior DescriptionAluminum Siding
Lot Dimensions22.33 X 100
Lot Size Acres0.05
Water SourcePublic Water

Additional Details

Price History

Brian Lee

Associate
Price $499,888
MLS#4033505
List Date 06/10/2026
Property Type Multi-Family
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