427-429 N 12th St

Newark City, NJ 07107


 

Price: $799,000

GSMLS:  4001286
Type: 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:
32
Listing Broker:
RE/MAX 1ST ADVANTAGE
Listing Agent:
Robert Dekanski
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008
Fax: (973) 598-1908


Shawn and Diane Fox