488 S 12th St
Listing Notes
Investor Opportunity ? Value-Add Two-Family in Newark!Attention investors, contractors, and experienced value-add buyers! This two-family property presents an outstanding opportunity to add to your portfolio in one of Newark?s established residential neighborhoods. Featuring two spacious units with 3 bedrooms each, plus a finished attic offering additional living space and flexibility, this property has the layout and potential investors are looking for.Whether your strategy is to renovate and hold for long-term rental income, reposition for increased cash flow, or add value for future appreciation, this property offers an excellent foundation with significant upside. The generous floor plans and multi-family configuration create strong income-producing potential once improvements are completed.Conveniently located near Newark Penn Station, NJ Transit, major highways, shopping, restaurants, schools, and parks, the property offers excellent accessibility for future tenants and long-term investment appeal.Property is being sold strictly As-Is. This is an ideal opportunity for cash buyers, investors, contractors, or those seeking their next renovation project. Buyer is responsible for conducting all due diligence. Don?t miss the chance to unlock the full potential of this income-producing property.
Price in context
Cheaper than 71% of the 24 homes listed nearby right now, which run $395,000 to $699,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 551 15th Ave | $395,000 | 3 bd · 2 ba |
| 558-562 S 11th St | $399,000 | — |
| 36 Holland St | $399,999 | 3 bd · 2 ba |
| 21 Holland St Unit 21 | $409,000 | 3 bd · 2 ba |
| 25 Holland St | $415,000 | 3 bd · 2 ba |
| 418 S 10th St | $425,000 | 3 bd · 3 ba |
| 399 S 8th St | $499,000 | 5 bd · 2 ba |
| 395 S 15th St | $525,000 | 6 bd · 2 ba |
| 491 S 17th St | $534,900 | 6 bd · 2 ba |
| 544 S 11th St | $549,900 | 4 bd · 2 ba |
| 37 Blum St | $550,000 | 7 bd · 3 ba |
| 411 S 15th St | $589,000 | 6 bd · 4 ba |
| 407 S 15th St | $599,000 | 6 bd · 2 ba |
| 416 S 15th St | $599,900 | 7 bd · 3 ba |
| 416 15th St | $599,900 | 7 bd · 3 ba |
| 324A 14th Ave | $599,900 | 6 bd · 2 ba |
| 447 S 9th St | $640,000 | 6 bd · 4 ba |
| 447-451 9th St | $640,000 | 6 bd · 4 ba |
| 210 14th Ave | $650,000 | 4 bd · 2 ba |
| 206 14th Ave | $650,000 | 4 bd · 2 ba |
| 204 14th Ave | $650,000 | 4 bd · 2 ba |
| 555 S 10th St | $650,000 | 10 bd · 4 ba |
| 586 15th Ave | $680,000 | 5 bd · 3 ba |
| 395 S 9th St | $699,900 | 3 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more