162 S 12th St Newark City, NJ 07107
Listing Courtesy of: GARDEN STATE MLS - IDX / Coldwell Banker Realty / Simone Jelks-Bandison - Contact:  973-866-5187

  162 S 12th St Newark City, NJ 07107

Active (4 Days)
$890,000
8
BED
5
BATH

Description

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.

MLS #:
3980106
Taxes
$1,505(2024)
Lot Size
3,485 SQFT
Type
Multifamily
Year Built
2025
County
Essex County

Listed By

Simone Jelks-Bandison, Coldwell Banker Realty, Contact: 973-866-5187
Source
GARDEN STATE MLS - IDX
Last checked Aug 11 2025 at 11:08 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
Heating and Cooling
  • Forced Hot Air
  • Central Air
Exterior Features
  • Vinyl Siding
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: All Underground, Public Water
  • Sewer: Public Available
  • Fuel: Gas-Natural
Parking
  • 2 Car Width
Additional Information: Livingston | 973-866-5187
Location
   
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Estimated Monthly Mortgage Payment

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