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!
Under contract
$499,888
488 S 12Th St, Newark City, NJ 07103
7beds
2,284sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$219/sqft
$-- HOA
What's special
- 22 days |
- 1,520 |
- 126 |
Zillow last checked:
Listing updated:
Listed by:
Benjamin Rodriguez 201-774-3680,
Keller Williams Village Square
Source: GSMLS,MLS#: 4033505
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard - Electric, See Remarks, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: See Remarks
Features
- Bedrooms, Eat-in Kitchen, Living Room, Living/Dining Room, Dining Room, Kitchen
- Basement: Yes,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,284
- Total interior livable area: 2,284 sqft
Property
Parking
- Parking features: On Street
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 2,178 Square Feet
- Dimensions: 22.33 x 100
Details
- Parcel number: 1614002870000000410000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1940
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $258,500
- Annual tax amount: $10,337
- Date on market: 6/12/2026
- Total actual rent: 0
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2026 | Pending sale | $499,888$219/sqft |
Source:  GSMLS #4033505 Report a problem | ||
| 6/12/2026 | Listed for sale | $499,888+44.9%$219/sqft |
Source: GSMLS #4033505 Report a problem | ||
| 8/3/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/25/2022 | Price change | $1,700-2.9%$1/sqft |
Source: Zillow Rental Network Premium #3768301 Report a problem | ||
| 4/1/2022 | Price change | $1,750-2.8%$1/sqft |
Source: Zillow Rental Network Premium #3768301 Report a problem | ||
| 3/10/2022 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rental Network Premium #3768301 Report a problem | ||
| 3/31/2021 | Sold | $345,000+283.3%$151/sqft |
Source: GSMLS #3682017 Report a problem | ||
| 4/17/2019 | Sold | $90,000+260%$39/sqft |
Source: Public Record Report a problem | ||
| 9/16/2011 | Sold | $25,000$11/sqft |
Source: Public Record Report a problem | ||
| 10/20/2009 | Sold | $25,000-93.2%$11/sqft |
Source: Public Record Report a problem | ||
| 9/14/2007 | Sold | $370,000+19.4%$162/sqft |
Source: Public Record Report a problem | ||
| 11/10/2005 | Sold | $310,000+226.3%$136/sqft |
Source: Public Record Report a problem | ||
| 12/27/2003 | Sold | $95,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,337 +5.2% | $258,500 |
| 2024 | $9,831 +1.8% | $258,500 |
| 2023 | $9,658 +658.6% | $258,500 |
| 2022 | $1,273 | $258,500 +671.6% |
| 2021 | $1,273 +1% | $33,500 |
| 2020 | $1,260 +103.7% | $33,500 |
| 2019 | $619 | $33,500 |
| 2018 | $619 -46.3% | $33,500 |
| 2017 | $1,152 +4% | $33,500 |
| 2016 | $1,109 +6.7% | $33,500 |
| 2015 | $1,039 +5% | $33,500 |
| 2014 | $989 -68.3% | $33,500 -64.3% |
| 2012 | $3,125 +4.7% | $93,900 |
| 2011 | $2,986 +16.1% | $93,900 |
| 2010 | $2,572 +5.4% | $93,900 |
| 2009 | $2,440 +4.4% | $93,900 |
| 2008 | $2,338 | $93,900 |
| 2007 | $2,338 | $93,900 |
| 2006 | -- | $93,900 |
| 2005 | -- | $93,900 -7.2% |
| 2004 | $2,186 | $101,200 |
| 2003 | -- | $101,200 +854.7% |
| 2002 | -- | $10,600 |
| 2001 | -- | $10,600 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: West Side
Nearby schools
GreatSchools rating
- 5/10South Seventeenth Street Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10West Side High SchoolGrades: 9-12Distance: 0.4 mi
- 1/10Central High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Essex County
- Newark
- 07103
- West Side
- 488 S 12Th St
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