Date
Details
Price
Change
Source
7/22/2026
Listed
$2,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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.
Full Property Details
Full Property Details for 31 S 12th St
General
- Price: $2,750,000
- Taxes: $3,899 (2025)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4042502
- Updated: 7/22/2026
- Added to Site: 28 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 15
Additional Information
- Equipment: Kitchen Area, See Remarks
Exterior
- Color: Red
Parking
- Parking: On-Street Parking, See Remarks
Location
- County: Essex
- Driving Directions: Central Ave to S 12th St
- Location Details: Business District, Highway Location, Residential Area
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Available
- Water: Public Water
- Utility Description: Natural Gas, See Remarks
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Full
- Roof: Asphalt Shingles
- Year Built: 1920
- Remodeled/Updated: 2025
Unit Information
- Units w/Full Bath: 15
Lot Features
- Lot Size (Acres): 0.03
- Lot Size: 16.6X86.3
- Zoning: R-4
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $323
- Assessment Amount: $97,500
- Land Assmt: $17,900
- Tax Amount: $3,899
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, See Remarks
- Disclosures: Yes
- APN: 1614-01867-0000-00011-0000-
- Block: 1867
- Lot Number: 11
Listed by Re/Max Professionals I
We Value Your Privacy
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Listing agent
— 31 S 12th St —
Re/Max Professionals I
973-450-4000
NMLS#: 1598647Get Pre-Approved Today
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
Tax History
Tax History for 31 S 12th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,059
7%
$51,500
—
2023
$1,920
—
$51,500
—
2022
$1,924
—
$51,500
—
2021
$1,923
33%
$51,500
—
2021
$1,450
-62%
$51,500
-53%
2016
$3,801
4%
$110,500
—
2015
$3,656
12%
$110,500
—
2013
$3,263
—
$110,500
—
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
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31 S 12th St, Newark, NJ 07107 (MLS# 4042502) is a Commercial property. 31 S 12th St is currently listed for $2,750,000 and was received on July 22, 2026. Want to learn more about 31 S 12th St? Do you have questions about finding other Commercial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.