For Multi Family

224 12Th Ave,Newark City, NJ 07107-1486

May 14, 2026

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!

Property ID:PT-40715576-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 615,000 $

Bedrooms:6

Year Built:1897

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 2

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2021

Basmnt/Desc: Yes - Unfinished

Acreage: 0.06

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 15

Easement/Desc: No

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: Immediately

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 6

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 9999

Unit 1 Room Description: Bedrooms, Kitchen, Living/Dining Room

Unit 1 Security Deposit: 9999

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 1595

Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room

Unit 2 Security Deposit: 9999

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Lease Expire: 2026-09-30

Unit 3 SqFt: 9999

Unit 3 Rent: 1400

Unit 3 Room Description: Bedrooms, Kitchen, Living/Dining Room

Unit 3 Security Deposit: 9999

Block Identifier: 1797

County Number: 16

Town Number: 1614

YB/Desc: 1897 - Renovated

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 1797

County Number: 16

Town Number: 1614

Possession: Immediately

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Tax ID For Property: 1614-01797-0000-00002-0000-

Tax Amount: $10,157.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $26,300.00

Building Assessment: $227,700.00

Total Assessment: $254,000.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 3 Units, Baseboard - Hotwater

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

224 12Th Ave,Newark City, NJ 07107-1486

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