488 S 12th St
Newark City, NJ 07103
Price: $499,888
GSMLS: 4033505Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 7
Baths: 3 Full
Garage: No
Year Built: 1940
Acres: 0.05
Property Tax: $10,337
Description
Open House Saturday 12PM–2:30PM.
Turnkey Investment Opportunity or Perfect House Hack! Welcome to this fully renovated two-family home in the heart of Newark, offering the ideal blend of modern living and strong income potential. Each unit features 3 spacious bedrooms, updated finishes, and comfortable layouts designed for today's lifestyle. A fully finished attic provides valuable bonus living space perfect for a home office, recreation room, guest space, or extended living needs.Whether you're an investor seeking strong rental income or an owner-occupant looking to offset your mortgage, this property offers exceptional flexibility and cash-flow potential. Live in one unit and collect rent from the other, or maximize your returns by renting both units.Conveniently located near major transportation, including Newark Penn Station, NJ Transit, shopping, restaurants, schools, parks, and major highways, making commuting and daily errands a breeze. With renovations already completed, this is a true turnkey opportunity ready for its next owner.Don't miss your chance to own this income-producing multifamily property with modern updates, spacious layouts, and a prime location close to everything Newark has to offer. Schedule your private showing today!General Info
Style:
3-Three Story
SqFt Building:
2,284
Total Rooms:
13
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
22.33 X 100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
2
Total Rooms:
8
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Electric, See Remarks
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
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:
$499,888
Tax Amount:
$10,337
Land Assessment:
$30,500
Build. Assessment:
$228,000
Total Assessment:
$258,500
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4033505
List Date:
06-10-2026
Days On Market:
0
Listing Broker:
KELLER WILLIAMS VILLAGE SQUARE
Listing Agent:
Benjamin Rodriguez
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
