31 S 12Th St, Newark City, NJ 07107
- $2,750,000
- List Price
- $2,750,000
- MLS#
- 4042502
- Dom
- 1
- Year Built
- 1920
- Status
- ACTIVE
- County
- Essex
- City
- Newark City
- Acres
- 0.03
Property Description
Rare opportunity to acquire an exclusive portfolio of 5 side by side brick brownstones located on S 12th St in the heart of Newark, NJ. This premier investment package includes 31, 31.5, 33, 33.5, and 37 S 12th St, totaling 11 units across 5 properties offering 27 bedrooms and 15 bathrooms, all updated in 2025. All units are currently tenant occupied and generating consistent rental income from day one, making this a true income-producing portfolio acquisition with low combined 2025 taxes. Situated on an R4 zone, this portfolio presents an exceptional future development opportunity for the visionary investor looking to maximize long-term value while collecting immediate cash flow. Whether you are a seasoned investor looking to expand your portfolio or a developer seeking a strategic land position in one of Newark's most active markets, this package checks every box. Perfectly situated with easy access to major highways and NJ Transit for a seamless commute to NYC. Each property can also be purchased individually. Opportunities like this do not last. Schedule your showing today.
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Additional Information
- Taxes
- $3,899
- Cooling
- See Remarks
- Exterior
- Brick/Block
- Heating
- See Remarks
- Roof
- Asphalt Shingle
- Sewer
- Public Available
- Water
- Public Water
- Basement
- Yes
- Lot Description
- Corner
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Listing Courtesy Of RE/MAX PROFESSIONALS I, Contact: 973-450-4000
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