162 S 12th St Newark, NJ 07107
Fairmount NeighborhoodEstimated payment $4,826/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,505
Lot Details
- 3,341 Sq Ft Lot
- Lot Dimensions are 33x100
Home Design
- New Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Laundry
- Laundry in unit
Listing and Financial Details
- Legal Lot and Block 56 / 1825
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/07/2025 08/07/25 | For Sale | $890,000 | -- | -- |
Source: New Jersey MLS
MLS Number: 25028266

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