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Sold for $555,000 on 12/31/24
  • $555,000

    224 12th Ave, Newark, NJ 07103

    6beds
    2,613sqft
    MultiFamily
    Built in 1940
    -- sqft lot
    $585,800 Zestimate®
    $212/sqft
    $2,586 Estimated rent

    Home value

    $585,800

    $521,000 - $656,000

    $2,586/mo

    Zestimate® history
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    $3,809/mo

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    What's special

    This Property is a MUST SEE!!! This is a beautiful 3 Family Property located in Central Newark walking distance from University Hospital. It’s commuter friendly with a bus stop directly access the street that takes you to Newark Penn Station. The property is 2 blocks off of South Orange Avenue and 2 blocks off of Central, both of these Avenues have a number of grocery stores, laundry mats and other local businesses. This is a very quiet, friendly and peaceful neighborhood. The city is currently building a new children’s playground directly across the street. This Property is a MUST SEE!!! Now let’s describe the house. The house is fully renovated with 1 occupied unit and 2 “turn key”vacant units. The 1st vacant unit is located on the 1st Flr of the property and it is a 3 bedroom 1 bath apartment. The 2nd unit which is located on the 2nd Flr is currently occupied. It is a 2 bedroom 1 bath that can be extended with an additional bedroom which can easily turn this from a 2 bedroom to a 3 bedroom apartment. The 3rd unit is another vacant unit and that is located on the 3rd Flr. This is a 1 bedroom 1 bath apartment, this apartment can also be extended with an additional bedroom, which can turn this unit from a 1 bedroom to a 2 bedroom apartment. Each apartment has brand new kitchen cabinets and countertops and newly renovated bathrooms. It has brand new laminate wood flooring throughout each unit and fresh paint throughout the entire house. The property also comes with Ring Security Motion Flood Lights Cameras around the house. EVERYTHING IS NEWLY RENOVATED FROM TOP TO BOTTOM!!! This Property is a MUST SEE!!! It has a huge fenced in backyard which is great for your children to play safely and privately. The roof was newly replaced. This Property is a MUST SEE!!! It’s has a huge unfinished basement with 3 Brand New crown boilers and 3 Brand New hot water tanks. The basement has all brand new steel support beams installed. The basement has a brand sub pump installed with a french drain around the entire basement to prevent any flooding issues. You have two way access to the basement for storage purposes. It’s has 3 separate gas meters and 4 separate electric meters. You have 4 main electric boxes in the basement and each apartment have their own separate electric sub panels. All the utilities are separate. Owner pays their own electric bill. This Property is a MUST SEE!!!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Gas
    Cooling
    • Wall
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Laminate
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 2,613 sqft

    Property

    Parking
    • Parking features: On-street
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 2,369 sqft
    Details
    • Parcel number: 1401797000000002

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Available
    • Utilities for property: Electric, All Underground

    Community & neighborhood

    Location
    • Region: Newark

    Other

    Other facts
    • Easement: Unknown
    • Fuel Type: Gas-Natural, Electric
    • Listing Type: Exclusive Right to Sell
    • Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
    • Unit 1 Room Description: Bedrooms, Eat-In Kitchen
    • Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
    • Heating: 3 Units
    • Unit 2 Room Description: Bedrooms, Eat-In Kitchen
    • Sewer: Public Available
    • Utilities: Electric, All Underground
    • Water: Public Water
    • Construction Date/Year Built Des: Approximate
    • Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Owner Pays Water
    • Unit 3 Room Description: Bedrooms, Eat-In Kitchen
    • Unit Style: 3-Three Story
    • Parking/Driveway Description: On-Street Parking
    • Town #: 1614
    • Unit 1 Appl/Equip: See Remarks
    • Cooling: See Remarks
    • Unit 3 Appl/Equip: See Remarks
    • Unit 2 Appl/Equip: See Remarks

    Price history

    DateEventPrice
    12/31/2024Sold$555,000-14.6%$212/sqft
    Source: Public Record
    7/15/2024Listing removed--
    Source: Owner
    4/16/2024Price change$650,000+18.2%$249/sqft
    Source: Owner
    3/28/2024Listed for sale$550,000+42.9%$210/sqft
    Source: Owner
    9/25/2019Sold$385,000+156.7%$147/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2025$9,660 $254,000
    2024$9,660 +0.1%$254,000
    2023$9,652 $254,000

    Find assessor info on the county website

    Neighborhood: Fairmount

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $585,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $585,800