Listing Details

427 N 12Th St,Newark City, NJ 07107

  • December 11, 2025

Description

Excellent Investment Opportunity in this sprawling 4 Unit Multifamily Home with Bonus Finished Basement in thriving Newark! Well maintained, offering over 5000+ sq ft of finished living, 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 studio apartment type layout with living area, kitchen, full bath and bonus room. Adjacent living space holds another full bath, kitchen, 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!

Details

Last Updated On: December 11th, 2025 at 2:25 pm
Property ID:PT-19986129-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 799,000 $
Bedrooms:5
Year Built:1932

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 35X100
Lot Identifier: 54
Lot Description: Level Lot
Lot Identifier: 54

Home Details

Open Parking: 4
Basement: Yes
Basmnt/Desc: Yes - Bilco-Style Door, Finished, Full
Acreage: 0.08
Total Baths: 6.00
Unit Style: 2-Two Story
Number of Units: 4
Rooms: 13
Easement/Desc: Unknown
Exterior Description: Brick
Roof Description: Rubberized
Possesion: At Closing
Unit 1 Appliances/Equipment: Range/Oven - Gas
Unit 1 Levels: 1
Unit 1 Rooms: 3
Unit 1 Beds: 1
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 1 Handicap: No
Unit 1 Lease Expire: 2025-12-31
Unit 1 Rent: 1050
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 2 Appliances/Equipment: Ceiling Fan(s), Kitchen Exhaust Fan, Range/Oven - Gas
Unit 2 Levels: 1
Unit 2 Rooms: 3
Unit 2 Beds: 1
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Tenant Pays Electric
Unit 2 Handicap: No
Unit 2 Lease Expire: 2025-12-31
Unit 2 Rent: 1050
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 3 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 3 Levels: 1
Unit 3 Rooms: 4
Unit 3 Beds: 2
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 3 Handicap: No
Unit 3 Lease Expire: 2025-12-31
Unit 3 Rent: 1500
Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 4 Appliances/Equipment: Kitchen Exhaust Fan, Range/Oven - Gas
Unit 4 Levels: 1
Unit 4 Rooms: 3
Unit 4 Beds: 1
Unit 4 Baths: 1.0
Unit 4 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas
Unit 4 Handicap: No
Unit 4 Lease Expire: 2025-12-31
Unit 4 Rent: 1500
Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Garage Description: Detached Garage
Number of Garage Spaces: 1
Block Identifier: 589
County Number: 16
Town Number: 1614
YB/Desc: 1932 - Approximate
Easement: Unknown
Parking/Driveway Description: 1 Car Width, Blacktop, Off-Street Parking, On-Street Parking
Block Identifier: 589
County Number: 16
Town Number: 1614
Possession: At Closing

Taxes, Fees & Assessments

Expense Include: Cold Water, Heat, Taxes
Tax ID For Property: 1614-00589-0000-00054-0000-
Tax Amount: $7,914.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $30,000.00
Building Assessment: $178,100.00
Total Assessment: $208,100.00
FHA Age Restricted: No

Utilities

Water Heater: Gas
Heat Source: Gas-Natural
Heat System: 1 Unit, Radiators - Steam
Cool System: None
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Services: Garbage Included

Features

  • Curbs
  • FencVnyl
  • Sidewalk
  • Tile Floors
  • Vinyl-Linoleum Floors
  • Wood Floors

Statistics

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