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$ 425,000
Est. payment /mo
New
488 S 12Th St Newark City, NJ 07103
7 Beds
3 Baths
2,050 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $207
MLS Listing ID 4040252
Style 3-Three Story, See Remarks
Bedrooms 7
Full Baths 3
Year Built 1940
Annual Tax Amount $10,337
Tax Year 2025
Lot Size 2,178 Sqft
Property 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.
Location
State NJ
County Essex
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story, See Remarks
Others
Senior Community No
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Listed by KELLER WILLIAMS VILLAGE SQUARE