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    570 S 12Th St Newark, NJ 07103

    For Sale
    $869,900

    New construction two-family home with modern amenities and tax abatement.

    Lot size:
    0.06 Acres

    Property Features for 570 S 12Th St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    2025

    Source: NEW DIRECTION REALTY Agent STEPHANIE ESPADA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Construction Two-Family Home

    This is a new construction two-family home currently under construction. The property features 3,989 square feet of living space on a 2,567 square foot lot. The ground level includes a built-in 2-car garage, a large recreation room, and a half bath. The second and third levels each feature 6 rooms, including 3 bedrooms and 2 full bathrooms. The home has oak hardwood flooring throughout, with ceramic tile in the kitchen and bathrooms. Stainless steel kitchen appliances are included. The property features two-zone central air conditioning and forced hot air, as well as 9-foot tray ceilings. A 6-foot height white vinyl fence surrounds the property. The property is eligible for a 5-year tax abatement and a 10-year home warranty.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2048595
    Latitude
    40.7340847

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    FAQs

    What type of property is this?
    Duplex - New construction two-family home with modern amenities and tax abatement.
    Where is this duplex located?
    The property is located at 570 S 12Th St Newark, NJ.
    What is the asking price?
    The asking price for this property is $869,900.
    What are key features of this property?
    This property features: - Brand new construction with **3,989 SF of luxurious living space.**; - Two family home with two units each featuring 3 bedrooms and 2 full baths.; - Eligible for a 5-year tax abatement.
    (833) 984-4663
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    Newark, NJ 07103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    570 S 12Th St Newark, NJ 07103
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