162 S 12th Street, Newark, NJ 07107
Local realty services provided by:ERA Queen City Realty
162 S 12th Street,Newark, NJ 07107
$890,000
- - Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: simone jelks-bandison
Office: coldwell banker, upper montclair
MLS#:25028266
Source:NJ_MLS
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, 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.
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Home facts
- Listing ID #:25028266
- Added:99 day(s) ago
- Updated:November 15, 2025 at 06:42 PM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:5
Finances and disclosures
- Price:$890,000
- Tax amount:$1,505
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