162 S 12th Street Newark, NJ 07107
Listing Courtesy of: MLS LogoNJMLS / Coldwell Banker Realty / Simone Jelks-Bandison

  162 S 12th Street Newark, NJ 07107

Pending (195 Days)
$890,000 (USD)
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, 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.

MLS #:
25028266
Taxes
$1,505
Lot Size
3,341 SQFT
Type
Multifamily
Style
Other
County
Essex County

Listed By

Simone Jelks-Bandison, Coldwell Banker Realty
Source
NJMLS
Last checked Mar 6 2026 at 8:34 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
Utility Information
  • Utilities: Sep Heat, Electricity Connected, Natural Gas Connected
Location
   
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Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of NJMLS. Real estate listings held by brokerage firms other than New Jersey are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last Data Updated: 3/6/26 12:34.
Source: New Jersey Multiple Listing Service. Inc.
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