427-429 N 12th St
Newark City, NJ 07107
Price: $799,000
GSMLS: 4001286Type: Multi-Family
Style: 2-Two Story
Total Units: 4
Beds: 5
Baths: 6 Full
Garage: 1-Car
Year Built: 1932
Acres: 0.08
Property Tax: $7,914
Description
Excellent Investment Opportunity In This Sprawling 4 Unit Multifamily Home With Bonus Finished Basement In Thriving Newark! Well Maintained, 5 Bedrooms, 6 Full Baths, And Plenty Of Versatile Bonus Rooms To Make Your Own. Perfectly Appointed In A Prime Commuter Location, Just Steps To The Public Transit Bus Line And Light Rail, Major Roads, Shopping, Parks, Schools, And More! Units 1 And 2 Make For Accessible Living On The First Floor, Each Offering 1 Bedroom, 1 Full Bath, Kitchen And Living Area. On The Second Level, Unit 3 Also Offers 1 Bedroom, 1 Fully Renovated Full Bath, Kitchen And Living Area. Unit 4 Boasts 2 Bedrooms, 1 Fully Renovated Full Bath, Kitchen And Living Area. Units 3 & 4 Also Offer New Electrical Throughout. The Finished Basement Features A Full Bath And Bonus Room. Adjacent Living Space Holds Another Full Bath, Two Bonus Rooms And A Storage Room. Endless Possibilities Here! Semi-private Entrances, Separate Gas & Electric Meters, Large Finished 1 Car Garage For Extra Storage, And A Vinyl Fenced Backyard. Newer Commercial Rubber Roof With 50 Yr Durability. A Prime Rental Property To Add To Your Portfolio, This Opportunity Is Not To Be Missed! Come And See Today!
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Bilco-Style Door, Finished, Full
Interior:
Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Roof:
Rubberized
Exterior:
Brick
Lot Size:
35X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
1-Car
Description:
Detached Garage
Parking:
1 Car Width, Blacktop, Off-Street Parking, On-Street Parking
Spaces Available:
4
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Ceiling Fan(s), Kitchen Exhaust Fan, Range/Oven - Gas
Utilities:
Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Kitchen Exhaust Fan, Range/Oven - Gas
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Kitchen Exhaust Fan, Range/Oven - Gas
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
1 Unit, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Garbage Included
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$799,000
Tax Amount:
$7,914
Land Assessment:
$30,000
Build. Assessment:
$178,100
Total Assessment:
$208,100
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4001286
List Date:
12-11-2025
Days On Market:
2
Listing Broker:
RE/MAX 1ST ADVANTAGE
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
