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$ 890,000
Est. payment | /mo
8 Beds
5 Baths
4,742 SqFt
$ 890,000
Est. payment | /mo
8 Beds
5 Baths
4,742 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,742 sqft
Price per Sqft $187
MLS Listing ID 3980106
Style 3-Three Story
Bedrooms 8
Full Baths 5
Year Built 2025
Annual Tax Amount $1,505
Tax Year 2024
Lot Size 3,484 Sqft
Property 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.
Location
State NJ
County Essex
Interior
Heating Gas-Natural
Cooling Central Air
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available All Underground
Roof Type Asphalt Shingle
Building
Sewer Public Available
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by COLDWELL BANKER REALTY
