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About this home
Welcome to 10-12 N 12th Street, Newark, NJ - a fantastic opportunity to own a spacious and versatile 2-unit home in a desirable neighborhood in the booming city of Newark. This property boasts a 2-car garage, a generous backyard, and two well-appointed 3-bedroom apartments. Additionally, a full unfinished basement offers ample potential for expansion and customization to suit your needs. This well maintained 2-unit home is nestled in a quiet and well-established neighborhood, offering both convenience and tranquility. You'll have easy access to schools, parks, shopping, and public transportation. The two-car garage which is a rare find provides secure parking for your vehicles and additional storage space for all your belongings. Enjoy outdoor living at its finest in the generously sized backyard. Whether you dream of gardening, hosting BBQs, or simply relaxing in the open air, this space has endless possibilities. This 2 family, income producing home features two 3-Bedroom apartments, each offering spacious bedrooms, ensuring comfort and space. Full Unfinished Basement: The full basement offers an incredible opportunity to create additional living space, a home gym, a recreation room, or a rental unit. Let your imagination run wild and make this space your own. Don't miss out on this opportunity to own an income producing multifamily in a thriving, sought after city like Newark. *Attic and Basement can potentially be income producing.
Listed by LATISH KINSLER• SIGNATURE REALTY NJ
Contact: 973-921-1111
Redfin checked: just now (Sept 30, 2023 at 6:17pm)
•Source:GSMLS #3865603
Home facts
Time on Redfin
10 days
Property Type
Multi-Family (2-4 Unit)
Community
Newark City
Lot Size
3,484 Sq. Ft.
Price insights
List Price
$589,900
Est. Mo. Payment
$4,370
Price/Sq.Ft.
$240
Street View
Directions
Payment calculator
$4,370 per month
Principal and interest$3,398
Property taxes$814
Homeowners' insurance$157
Down payment
20% ($117,980)
Home price
$589,900
Loan details
7.8%
Additional resources
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Property details for 10-12 N 12Th St
Parking
Parking Information
# Of Parking Spaces: 5
# Of Garage Spaces: 2
Parking/Driveway Description: 1 Car Width
Garage Description: Detached Garage
Interior
Bathroom Information
# Of Full Bathrooms: 3
Room Information
# Of Rooms: 11
Has Basement
Basement Description: Full, Unfinished
Interior Features
Water Heater: Gas
Heating & Cooling
Heating: 2 Units
Heating Fuel Type: Gas-Natural
Cooling: Window A/C(s)
Exterior
Exterior Features
Siding Description: Aluminum Siding
Roof Description: Asphalt Shingle
Property Information
Unit Style: 2-Two Story
Building Sq. Ft.: 2457
Lot Information
Lot Description: Level Lot
Easement: No
Approximate Lot Size: 35,101.11
Financial
Tax Information
Tax Amount: $9,773
Tax Rate Amount: $3.74
Tax Year: 2022
Tax Rate Year: 2022
Assessment Information
Assessment Building: $244,100
Assessment Land: $17,500
Assessment Total: $261,600
Utilities
Utility Information
Utilities: All Underground
Sewer: Public Sewer
Water Source: Public Water
Location
Multi Unit Information
# Of Units: 2
Net Operating Income: 34027
Gross Operating Income: 45600
Total Operating Expenses: 11573
Expenses Include: Utilities, Insurance, Taxes
Unit 1 Information
# Of Bedrooms: 3
# Of Bathrooms: 1
# Of Levels: 1
# Of Rooms: 5
Room Description: Bedrooms, Eat-In Kitchen, Living Room, Sunroom
Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas
Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 0
Total Sq. Ft.: 1,200
Unit 2 Information
# Of Bedrooms: 3
# Of Baths: 2
# Of Levels: 2
# Of Rooms: 6
Room Description: Bedrooms, Eat-In Kitchen, Living Room, Sunroom
Appliances/Equipment: Carbon Monoxide Detector, Kitchen Exhaust Fan, Range/Oven - Gas
Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 0
Total Sq. Ft.: 1,257
Other
Listing Information
Attribution Contact: 973-921-1111
Details provided by GSMLS and may not match the public record. Learn more.
Sale and tax history for 10-12 N 12Th St
Sale History
Tax History
Public facts and zoning for 10-12 N 12Th St
Beds
—
Baths
—
Finished Sq. Ft.
2,457
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,457
Stories
2.5
Lot Size
3,537 Sq. Ft.
Style
Single Family Residential
Year Built
1922
Year Renovated
—
County
Essex County
APN
1401922 00026
Home facts updated by county records on Sep 15, 2023.
School data is provided by GreatSchools, a nonprofit organization. Redfin recommends buyers and renters use GreatSchools information and ratings as a first step, and conduct their own investigation to determine their desired schools or school districts, including by contacting and visiting the schools themselves. Redfin does not endorse or guarantee this information. School service boundaries are intended to be used as a reference only; they may change and are not guaranteed to be accurate. To verify school enrollment eligibility, contact the school district directly.
Around this home
Transportation near 10-12 N 12Th St
77/100
Very walkable
Walk Score®
67/100
Good transit
Transit Score®
52/100
Bikeable
Bike Score®
Places
10 groceries, 20 restaurants, 2 parks
Transit
21, 29, 34, 41, 5, 71, 73, 79, 90, 96
Climate risks
About climate risks
Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels.
Risk Factor
Flood Factor - Minimal
Unlikely to flood in next 30 years
Fire Factor - Minimal
Unlikely to be in a wildfire in next 30 years
Heat Factor - Severe
7 days above 100° expected this year, 14 days in 30 years
Wind Factor - Major
27% chance of strong winds in next 30 years
Provided by First Street Foundation
Redfin Estimate for 10-12 N 12Th St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $542,000 and $661,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $542K to $661K..
10-12 N 12Th St is a 2,457 square foot multi-family home on a 3,484 square foot lot with 7 bedrooms and 3 bathrooms. 10-12 N 12Th St is a multi-family home currently priced at $589,900, which is 4.7% less than its original list price of 619000.
How many photos are available for this home?
Redfin has 8 photos of 10-12 N 12Th St.
How long has this home been listed on Redfin?
10-12 N 12Th St has been listed on Redfin for 11 days since September 19, 2023.
How competitive is the market for this home?
Based on Redfin's market data from the past 3 months, we calculate that market competition in 07107, this home's neighborhood, is somewhat competitive. Homes sell for about 1% above list price and go pending in around 66 days. Hot homes can sell for about 11% above list price and go pending in around 24 days. Compared to nearby markets, 07107 is less competitive than Irvington and less competitive than Orange.
What’s the full address of this home?
The full address for this home is 10-12 North 12Th Street, Newark City, New Jersey 07107.