488 S 12Th St, Newark City NJ 07103

Property City
Newark City
Property Price
$499,888
Bedrooms
7
Year Built
1940
Tax Annual Amount
$10337
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.05
MLS Status
Active
MLS #
4033505

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!

Yearly Tax Rate
3.999
Year Built (*numeric)
1940
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
2
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
GarageSpaces
0
Heating
Baseboard - Electric, See Remarks
Lot Size Dimensions
22.33 X 100
Property Location

40.7371, -74.20384

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Units: Miles
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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762