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$550,000 Just Listed
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Property Description
Welcome to this stunning brick brownstone nestled in the heart of Newark, NJ. This fully updated 2-unit multifamily exudes that coveted NYC and Jersey City brownstone charm, sitting on a 16.6x86.3 lot featuring a full basement and parking. Thoughtfully renovated in 2025 with modern finishes throughout, this property offers 5 bedrooms and 3 bathrooms across both units, with both currently tenant occupied and generating consistent rental income from day one. Perfect for the seasoned investor seeking immediate cash flow or an owner-occupant looking to live in one unit while collecting rental income from the other. Experience the charm and character of classic brownstone living at a fraction of NYC and Jersey City prices with low 2025 taxes. Conveniently located with easy access to major highways and NJ Transit for a seamless commute to NYC. Property can be purchased individually or as part of an exclusive package deal with 4 additional side by side brick brownstones on S 12th St totaling 5 properties. Opportunities like this do not last. Schedule your showing today.
Full Property Details
Full Property Details for 31 S 12th St
General
- Price: $550,000
- Taxes: $3,899 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4042115
- Updated: Today (7/21/2026)
- Added to Site: Today
Interior
- Number of Rooms: 7
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage Description: On-Street Parking
Location
- County: Essex
- Driving Directions: Central Ave on to S 12th Street
Heating & Cooling
- Cooling Type: 2 Units
- Heating Type: 2 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt Shingles
- Year Built: 1897
- Remodeled/Updated: 2025
Unit Information
Unit 1
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Kitchen, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.03
- Lot Dimensions: 16.6 x 86.3
- Driveway/Sidewalk: On-Street Parking, See Remarks
Financial Considerations
- Assessment Amount: $79,600
- Land Assmt: $17,900
- Tax Amount: $3,899
- Tax Year: 2025
Disclosures and Reports
- Block: 1867
- Lot Number: 11
Listed by Re/Max Professionals I
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Schools
Schools serving 31 S 12th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Dr. E. Alma Flagg Elementary School 150 Third St, Newark, NJ 07104 | K-4 | 0.5 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.8 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.2 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.8 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.9 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 1.5 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.2 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 1.2 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.5 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 31 S 12th St
Date
Details
Price
Change
Source
7/21/2026
Listed
$550,000
—
MLS
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 31 S 12th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,899
7%
$97,500
—
2022
$3,643
—
$97,500
—
2021
$3,641
33%
$97,500
—
2021
$2,745
-25%
$97,500
—
2019
$3,667
2%
$97,500
—
2018
$3,601
4%
$97,500
—
2017
$3,471
3%
$97,500
—
2016
$3,354
4%
$97,500
—
2015
$3,226
12%
$97,500
—
2013
$2,879
—
$97,500
—
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 31 S 12th St
31 S 12th St, Newark, NJ 07107 (MLS# 4042115) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 31 S 12th St is currently listed for $550,000 and was received on July 21, 2026. Want to learn more about 31 S 12th St? 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.

