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About This Home
This 7-bedroom, 3-bathroom residential multi family at 488 S 12Th St in Newark City, NJ is listed for $499,888 ($219 per sqft). Built in 1940, the home offers 2,284 sqft of living space on a 0.05 acres lot.
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!
Key Features
- Built in 1940
- 0.05 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,674/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
488 S 12Th St
Newark City, NJ 07103
Property Details
Construction
Heating
Questions & Answers
This 7-bedroom, 3-bathroom residential multi family at 488 S 12Th St is listed at $499,888 ($219/sqft). The estimated monthly payment is $2,166 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.05 acre lot.
This property is listed by BENJAMIN RODRIGUEZ and can be reached at 2014454300 or team@benandbrentrealestate.com.
