About This Home
This 7-bedroom, 3-bathroom residential multi family at 488 S 12Th St in Newark City, NJ is listed for $425,000. Built in 1940, on a 0.05 acres lot.
Key Features
- Built in 1940
- 0.05 acre lot
- 3 stories
Property Details
Investor Opportunity ? Value-Add Two-Family in Newark!Attention investors, contractors, and experienced value-add buyers! This two-family property presents an outstanding opportunity to add to your portfolio in one of Newark?s established residential neighborhoods.
Featuring two spacious units with 3 bedrooms each, plus a finished attic offering additional living space and flexibility, this property has the layout and potential investors are looking for.Whether your strategy is to renovate and hold for long-term rental income, reposition for increased cash flow, or add value for future appreciation, this property offers an excellent foundation with significant upside.
The generous floor plans and multi-family configuration create strong income-producing potential once improvements are completed.Conveniently located near Newark Penn Station, NJ Transit, major highways, shopping, restaurants, schools, and parks, the property offers excellent accessibility for future tenants and long-term investment appeal.Property is being sold strictly As-Is.
This is an ideal opportunity for cash buyers, investors, contractors, or those seeking their next renovation project. Buyer is responsible for conducting all due diligence. Don?t miss the chance to unlock the full potential of this income-producing property.
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
488 S 12Th St
Newark City, NJ 07103
Property Details
Heating
Questions & Answers
This 7-bedroom, 3-bathroom residential multi family at 488 S 12Th St is listed at $425,000. The estimated monthly payment is $2,273 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.05 acre lot, 3 stories.
This property is listed by BENJAMIN RODRIGUEZ and can be reached at (201) 445-4300.




