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$650,000 Just Listed
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Property Description
Great investment opportunity in Newark! This amazing 3-family home is conveniently located just 5 minutes from Rutgers University, 10 minutes from Downtown Newark, and less than 20 minutes from Newark Penn Station. Featuring three separate units and a large backyard, this property offers excellent income-producing potential for investors looking to grow their portfolio or owner-occupants looking to offset their mortgage with rental income. A great opportunity to invest in a growing Newark market! Property sold strictly AS IS. Buyer responsible for obtaining Certificate of Occupancy.
Full Property Details
Full Property Details for 224 12th Ave
General
- Price: $650,000
- Taxes: $10,157 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4046046
- Updated: 8/10/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Location
- County: Essex
- Driving Directions: GPS Bergen to 12th
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: Baseboard - Hotwater
- Heating Fuel: See Remarks
- Water Heater: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: See Remarks
- Year Built: 1897
- Remodeled/Updated: 2024
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, Living Room, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Kitchen, Living Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Unit Description: Attic, Bedrooms, Kitchen
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: On-Street Parking
Financial Considerations
- Assessment Amount: $227,700
- Land Assmt: $26,300
- Tax Amount: $10,157
- Tax Year: 2025
Disclosures and Reports
- Block: 1797
- Lot Number: 2
Listed by Exit Platinum Realty
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Schools
Schools serving 224 12th Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.2 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.6 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.9 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.3 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 1.2 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 0.9 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.7 mi |
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106 | K-8 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 12th Ave
Date
Details
Price
Change
Source
8/10/2026
Listed
$650,000
17.12%
MLS
12/20/2024
Sold
$555,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 224 12th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,157
7%
$254,000
—
2023
$9,469
—
$254,000
—
2022
$9,489
—
$254,000
—
2021
$9,484
33%
$254,000
—
2021
$7,150
27%
$254,000
69%
2019
$5,642
2%
$150,000
—
2018
$5,540
4%
$150,000
—
2017
$5,340
3%
$150,000
—
2016
$5,160
4%
$150,000
—
2015
$4,964
12%
$150,000
—
2013
$4,430
—
$150,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 224 12th Ave
224 12th Ave, Newark, NJ 07107 (MLS# 4046046) is a Multi-Family property with 3 units containing 6 bedrooms and 3 full bathrooms. 224 12th Ave is currently listed for $650,000 and was received on August 10, 2026. Want to learn more about 224 12th Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

