162 S 12th St, Newark, NJ 07107

Local realty services provided by:Burgdorff ERA
162 S 12th St,Newark City, NJ 07107
$890,000
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:simone jelks-bandison
Office:coldwell banker realty
MLS#:3980106
Source:NJ_GSMLS

Price summary

  • Price:$890,000

About this home

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

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Home facts

  • Year built:2025
  • Listing ID #:3980106
  • Added:55 day(s) ago
  • Updated:September 06, 2025 at 02:17 PM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:2025
  • Lot area:0.08 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Available

Finances and disclosures

  • Price:$890,000
  • Tax amount:$1,505 (2024)
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated September 6, 2025

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