224 12th Ave Newark, NJ 07107
Fairmount NeighborhoodEstimated payment $4,129/month
About This Home
Opportunity knocks with this exceptional legal 3-family home in a prime location! Conveniently situated just 5 minutes from Rutgers University, 7 minutes from downtown, and less than 15 minutes from Newark Penn Station, this property truly embodies ?location, location, location.? Perfect for both owner-occupants or investors seeking supplemental rental income, this well-maintained and recently renovated property offers endless potential. The spacious backyard provides plenty of room for entertaining, expansion possibilities, or creating your ideal outdoor space. A fantastic opportunity you won?t want to miss!
Listing Agent
DAVON CRUTCHFIELD
EXIT PLATINUM REALTY Brokerage Phone: 973-913-5242 Listed on: 05/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,157
Year Built
- Built in 1897 | Remodeled
Lot Details
- 2,614 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Multiple Heating Units
- Hot Water Baseboard Heater
Additional Features
- Unfinished Basement
Community Details
- 3,388 Sq Ft Building
- Net Operating Income $9,999
Listing and Financial Details
- Assessor Parcel Number 1614-01797-0000-00002-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,660 | $254,000 | $26,300 | $227,700 |
| 2024 | $9,469 | $254,000 | $26,300 | $227,700 |
| 2022 | $9,489 | $254,000 | $26,300 | $227,700 |
| 2021 | $9,484 | $254,000 | $26,300 | $227,700 |
| 2020 | $9,652 | $254,000 | $26,300 | $227,700 |
| 2019 | $5,642 | $150,000 | $26,300 | $123,700 |
| 2018 | $5,540 | $150,000 | $26,300 | $123,700 |
| 2017 | $5,340 | $150,000 | $26,300 | $123,700 |
| 2016 | $5,160 | $150,000 | $26,300 | $123,700 |
| 2015 | $4,964 | $150,000 | $26,300 | $123,700 |
| 2014 | $4,652 | $150,000 | $26,300 | $123,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/13/2026 05/13/26 | For Sale | $615,000 | +310.0% | $182 / Sq Ft | |
| 01/31/2018 01/31/18 | Sold | $150,000 | +3.5% | $57 / Sq Ft | View Prior Sale |
| 11/18/2017 11/18/17 | Pending | -- | -- | -- | |
| 10/27/2017 10/27/17 | For Sale | $144,900 | -- | $55 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $555,000 | Nu World Title | |
| Deed | $385,000 | -- | |
| Condominium Deed | $150,000 | -- | |
| Quit Claim Deed | $100 | -- | |
| Deed | $285,000 | Title Works Inc | |
| Bargain Sale Deed | $130,000 | Title Works Inc | |
| Deed | $370,000 | -- | |
| Deed | $109,000 | -- | |
| Deed | $365,000 | -- | |
| Deed | $170,000 | -- | |
| Deed | $46,150 | -- | |
| Deed | $46,150 | -- | |
| Deed | $19,000 | -- | |
| Quit Claim Deed | $17,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $544,947 | FHA | |
| Previous Owner | $378,026 | FHA | |
| Previous Owner | $162,500 | New Conventional | |
| Previous Owner | $260,988 | FHA | |
| Previous Owner | $277,500 | No Value Available | |
| Previous Owner | $292,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $161,500 | No Value Available |
Source: Garden State MLS
MLS Number: 4027576
APN: 14-01797-0000-00002
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