$890,000
NEW CONSTRUCTION

Estimated payment $4,826/month

Total Views 42,689
8 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Simone Jelks-Bandison

Coldwell Banker, Upper Montclair Listed on: 08/07/2025

Coldwell Banker, Upper Montclair

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,505

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: 973-233-2300
  • MLS Status: Active - Active
  • Directions: CENTRAL TO S 12TH ST
  • Architectural Style: 3 Family
  • Year Built Details: New Const-New Fdn
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 8

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Dimensions: 33X100
  • Lot Size Sq Ft: 3341.0

Tax Info

  • Tax Annual Amount: 1505.0
  • Tax Block: 1825
  • Tax Lot: 56

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 For Sale $890,000 -- --
Source: New Jersey MLS

Source: New Jersey MLS

MLS Number: 25028266

New Jersey MLS