CCertihomes
427-429 N 12th Street N, Newark, NJ 07107

$799,000

0 beds 6 baths Built 19326 days on marketActive

About this home

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!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.

Your estimated payment
$7,283/mo

Real estate (PITI + HOA + PMI)
$7,019
Principal + interest$5,147
Property tax + insurance$1,572
PMI / 2nd mortgage$300
Utilities
$583
Heating + cooling$130
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$169
Car insurance + maintenance$169
Other (entertainment)
$157
$7,283/mo TLC
Budget$7,783/mo
Remaining after TLC$500/mo
Purchase price
$799,000
Down payment
$39,950 (5%)
Loan amount
$759,050
APR
7.19%

Quick facts

Type
4 Family
Style
Year built
1932
Lot size
0.0803 ac
Stories
2
Heating
Radiators-Steam
Cooling
Ceiling Fan(s)
Water
Public
HOA
Annual tax
$8,321
MLS #
2612547R
County
Essex

At a glance

Basement
Garage (1)

Home features

Appliances
Water Heater(Gas)Water HeaterUnit 1(Range/Oven)Unit 2(Range/Oven)Unit 3(Range/Oven)Unit 4(Range/Oven)
Interior
Unit 1(1 BedroomKitchen1 BathLiving Room)Unit 2(1 BedroomKitchen1 BathLiving Room)Unit 3(2 BedroomsKitchen1 BathLiving Room)Unit 4(1 BedroomKitchen1 BathLiving Room)
Exterior
PatioCurbsSidewalkFencing/WallOutbuilding(s)Semi-Private Entry
Community
CurbsSidewalks
Parking
GarageDetached3-4 Car ParkingOn Street
Patio & porch
Patio
Roof
See Remarks, Flat
Sewer
Public Sewer
Ownership
Fee Simple

Lot features

Near Shopping, Near Train, Level, Near Public Transit

Neighborhood — 07107

MetricThis ZIPCountyUSA
Population29,0188,832,837299,088,112
Population Change Since1990-1.00%14.00%20.00%
Population Density19,3211,137
Male13,9744,307,827147,432,321
Female15,0444,525,010151,655,844
Never Married9,3671,965,81163,775,926
Married6,5363,647,435123,120,365
Separated2,448391,23912,639,686
Widowed1,543515,17215,467,586
Divorced1,503529,39323,075,029
Number Of House Hold9,2963,167,345111,826,380
Average House Hold Size3.092.732.60
Medial Age28.5937.1535.46
Median House Hold Income$29,316$63,392$48,276
Average House Hold Income$41,944$83,312$63,629
P C I$13,922$30,662$24,529
M D I$26,362$52,505$41,133
A T H E$38,960$61,369$50,898
S T R7.00%7.00%
W C J81.32%81.02%77.74%
(Zip) Code
7107

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
Central Jersey Multiple Listing System, INC

Listing information last refreshed 3/26/2026. Provided courtesy of RE/MAX 1st ADVANTAGE via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.

427-429 N 12th Street N · Newark — $799,000 · Certihomes