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Renovated Triplex with Basement
For Sale
$550,000

31.5 S 12Th St, Newark, NJ 07107

Multi-Family, 3-Three Story, Newark City, NJ

Property SizeContact for details
Lot Size0.04 Acres
Days on Market41

Property Features for 31.5 S 12Th St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2
Directions Central Ave to S 12th Street
Standard status Active
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2059

Utilities

Water source Public

Building Details

Year built 1920
Floors in Building 3
Number of units 3
Roof type Shingle
Architectural style Other
Listing Agency: RE/MAX PROFESSIONALS I · RE/MAX International
Listed By: ALAIN BEADE
Added: Jul 21 Changed: Aug 19 Last Checked: Aug 30 at 2:06AM
MLS# 4042121

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick brownstone is configured as a three-unit residential property on a 17.4-by-100-foot lot. The building dates to 1920 and was renovated in 2025 with updated finishes throughout. Each unit is currently tenant occupied, and the property includes a full basement, on-site parking, a shingle roof, and public water service.

Located at 31.5 S 12th St in Newark City, the property offers access to major highways and NJ Transit for travel toward New York City. The residence includes five bedrooms and three bathrooms, providing a defined multifamily layout within the existing structure. The property may also be acquired individually or as part of a package with four additional side-by-side brick brownstones on S 12th St.

Key Highlights

  • Three‑unit brick brownstone renovated in 2025
  • 17.4x100 lot with full basement and parking
  • All three units are currently tenant occupied

Property Analytics

Current Use

Triplexes

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,213
Businesses Nearby

Demographics for 07107, NJ

41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Updated three-unit property with tenant occupancy, a full basement, parking, and public water service.
Where is this triplex located?
The property is located at 31.5 S 12Th St Newark, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑unit brick brownstone renovated in 2025; 17.4x100 lot with full basement and parking; All three units are currently tenant occupied
More about this property
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