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$799,000
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Property Description
Excellent Investment Opportunity in this sprawling 4 Unit Multifamily Home with Bonus Finished Basement in thriving Newark! Well maintained, 5 Bedrooms, 6 Full Baths, and plenty of versatile bonus rooms to make your own. Perfectly appointed in a prime commuter location, just steps to the public transit bus line and light rail, major roads, shopping, parks, schools, and more! Units 1 and 2 make for accessible living on the first floor, each offering 1 bedroom, 1 full bath, kitchen and living area. On the second level, unit 3 also offers 1 bedroom, 1 fully renovated full bath, kitchen and living area. Unit 4 boasts 2 bedrooms, 1 fully renovated full bath, kitchen and living area. Units 3 & 4 also offer new electrical throughout. The finished basement features a full bath and bonus room. Adjacent living space holds another full bath, two bonus rooms and a storage room. Endless possibilities here! Semi-private entrances, separate gas & electric meters, large finished 1 Car Garage for extra storage, and a vinyl fenced backyard. Newer commercial rubber roof with 50 yr durability. A prime rental property to add to your portfolio, this opportunity is not to be missed! Come and see TODAY!
Full Property Details
Full Property Details for 427-429 N 12th St
General
- Price: $799,000
- Taxes: $7,914 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4001286
- Updated: 12/13/2025
- Added to Site: 37 day(s) ago
Interior
- Number of Rooms: 13
- Interior Features: Tile Floors, Vinyl-Linoleum Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Curbs, Sidewalk, FencVnyl
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: Bloomfield Ave. to Abington Ave. W to N 12th St.
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 1 Unit, Radiators - Steam
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, Garbage Included
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Finished, Full
- Roof: Rubberized
- Year Built: 1932
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.08
- Lot Dimensions: 35 x 100
- Driveway/Sidewalk: 1 Car Width, Blacktop, Off-Street Parking, On-Street Parking
- Lot Description: Level Lot
Financial Considerations
- Expenses: Cold Water, Heat, See Remarks, Taxes
- Assessment Amount: $178,100
- Land Assmt: $30,000
- Tax Amount: $7,914
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Personal Belongings. Microwaves.
- Disclosures: Yes
- Block: 589
- Lot Number: 54
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Schools
Schools serving 427-429 N 12th St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 0.3 mi |
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107 | 5-8 | 0.8 mi |
Roberto Clemente Elementary School 257 Summer Avenue, Newark, NJ 07104 | K-4 | 1.1 mi |
Dr. E. Alma Flagg Elementary School 150 Third St, Newark, NJ 07104 | K-4 | 1.2 mi |
New Park School 120 Manchester Place, Newark, NJ 07104 | 5-8 | 1.2 mi |
Ridge Street Elementary School 735 Ridge Street, Newark, NJ 07104 | 5-8 | 1.2 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 1.2 mi |
Franklin Elementary School, Newark, NJ 42 Park Avenue, Newark, NJ 07104 | PK-4 | 1.3 mi |
Elliott Street Elementary School 721 Summer Avenue, Newark, NJ 07104 | K-4 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 427-429 N 12th St
Date
Details
Price
Change
Source
12/11/2025
Listed
$799,000
—
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 427-429 N 12th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,914
2%
$208,100
—
2022
$7,775
—
$208,100
—
2021
$7,770
33%
$208,100
—
2021
$5,858
-24%
$208,100
—
2018
$7,685
4%
$208,100
—
2017
$7,408
3%
$208,100
—
2016
$7,159
-9%
$208,100
—
2019
$7,827
14%
$208,100
—
2015
$6,886
7%
$208,100
—
2014
$6,453
—
$208,100
—
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 427-429 N 12th St
427-429 N 12th St, Newark, NJ 07107 (MLS# 4001286) is a Multi-Family property with 4 units containing 5 bedrooms and 6 full bathrooms. 427-429 N 12th St is currently listed for $799,000 and was received on December 11, 2025. Want to learn more about 427-429 N 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.

