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

3 stories
3 full
1940
Listing Description

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

Principal$307
Interest$1,842
Insurance$124

Estimates only. Actual payments may vary.

Location

488 S 12Th St

Newark City, NJ 07103

Property Details

Heating

BaseboardElectric (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.

BR

BENJAMIN RODRIGUEZ

Agent at KELLER WILLIAMS VILLAGE SQUARE

(201) 445-4300

Listed by KELLER WILLIAMS VILLAGE SQUARE · View on Broker Site

MLS# 4040252· Source: listhub· 2 days on market

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

488 S 12Th St, Newark City, NJ 07103

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