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Residential Income For Sale

488 S 12th St, Newark City, Essex 07103

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Property Description

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!

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4033505
Price:
$499,888
Year Built:
1940
Lot Area:
0.05 Acre
Status:
Active
Office Name:
KELLER WILLIAMS VILLAGE SQUARE
Full Bathrooms:
3
Roof:
Asphalt Shingle
Features
Heating System:
Baseboard - Electric, See Remarks
Cooling System:
Window A/C(s)
Basement:
Unfinished
Architectural Style:
3-Three Story
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07103
Street:
S 12Th St
Street Number:
488
Longitude:
W75° 47' 46.2''
Latitude:
N40° 44' 13.6''
Directions:
Off South Orange Ave and 1th Ave.
Additional Information
Lot Size Dimensions:
22.33 X 100
Water Source:
Public Water
Number Of Units Total:
2
Building Size:
2284
Financial
Tax Annual Amount:
10337
Listing Information
List Agent Mls Id:
297734
List Office Mls Id:
4182
Mls Status:
Active
Modification Timestamp:
2026-06-12T03:02:22Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4033505
Lot Area:
0.05 Acre
$499,888
Agent info
Contact Agent

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