For Multi Family

197 N 12Th St,Newark City, NJ 07107-1213

November 4, 2025

Spacious and modern property with two apartments located at 195 12th Ave, Newark, NJ, offering a total of 2,500 sqft of living space. The first floor features 1,260 sqft, including a large recreation area, a half bath, storage, and a 2-car garage. The upper units span 1,323 sqft, each with 3 bedrooms, 2 full bathrooms, open-concept kitchens and living rooms, in-unit laundry, and private master suites with walk-in closets. With 6 bedrooms and 5 bathrooms in total, this property is perfect for investors or owner-occupants seeking space, comfort, and income potential. Close to Schools and transportation, and Newark University Hospital.

Property ID:PT-8134951-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 889,000 $

Bedrooms:6

Year Built:2025

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 31.02

Home Details

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished

Acreage: 0.06

Total Baths: 5.00

Unit Style: 3-Three Story

Number of Units: 2

Rooms: 13

Easement/Desc: No

Exterior Description: Brick, Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At Closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 7

Unit 1 Beds: 3

Unit 1 Baths: 2.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 1260

Unit 1 Rent: 999

Unit 1 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Laundry Room, Living Room

Unit 1 Security Deposit: 999

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 2

Unit 2 Rooms: 6

Unit 2 Beds: 3

Unit 2 Baths: 2.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 1323

Unit 2 Rent: 999

Unit 2 Room Description: Bedrooms, Dining Room, Family Room, Kitchen, Laundry Room, Living Room

Unit 2 Security Deposit: 999

Garage Description: Built-In Garage

Number of Garage Spaces: 2

Block Identifier: 1812

County Number: 16

Town Number: 1614

YB/Desc: 2025 - Under Construction

Easement: No

Parking/Driveway Description: 2 Car Width

Block Identifier: 1812

County Number: 16

Town Number: 1614

Possession: At Closing

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Warranty: Yes

Tax ID For Property: 1614-01812-0000-00031-0002-

Tax Amount: $1,190.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $31,300.00

Total Assessment: $31,300.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: 2 Units

Cool System: 2 Units

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground, Gas-Natural

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Listing Details

197 N 12Th St,Newark City, NJ 07107-1213

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