1. New Jersey
2. Newark
3. 162 12th Street

162 12th Street, Newark, NJ 07107

• 8 beds |
• 5 baths

Property Description

NEW CONSTRUCTION 3-FAMILY 162 South 12th Street, Newark, NJNow Active Legal 3-Family Tax Abatement Eligible NACA & VA Buyer FriendlyStep into ownership and opportunity with this brand-new, legal 3-family home in one of Newark's most active growth corridors. This newly constructed property is the ideal match for first-time buyers, investors, multigenerational households, or veterans looking to build long-term wealth through real estate.With a smart layout across all three units, this home features 8 generously sized bedrooms, 5 full bathrooms, and a bonus office/flex space perfect for remote work or added functionality. Each unit includes open-concept living areas, nicely sized bedrooms, laundry hookups, and separate utilities for easy management.A 3-car garage and additional driveway parking add rare and valuable off-street convenience.*This property qualifies for Newark's 5-Year Tax Abatement, reducing operating expenses and increasing cash flow an incredible advantage for investors and owner-occupants alike.*Perfect for buyers using NACA's no-money-down program or VA benefits this home combines affordability with strong income potential.*Just minutes from downtown Newark, transit, universities, and redevelopment zones this location is set for appreciation and high rental demand.*Final stages of construction underway*Appraisal on file*Schedule your private tour today before it hits the radar of every serious buyer in the area.

Listing Status:

Active

Date Added:

August 7, 2025 at 05:00AM

Listing Office:

Coldwell Banker, Upper Montclair : 973-233-2300

Listing Agent:

Simone Jelks-Bandison : 973-866-5187

MLS ID:

25028266

Interior

• Rooms: 18
• Laundry: In Unit

Location

Utilities

This listing courtesy of Simone Jelks-Bandison, Coldwell Banker, Upper Montclair