Renovated Multifamily Near Rutgers
For Sale
$615,000
224 12th Avenue, Newark, NJ 07107
Legal 3-family home near Rutgers, downtown, and Newark Penn.
Property Size9,999 SF
Price / SF$61.51
Days on Market157
Property Features for 224 12th Avenue
General Information
Standard status
Active
Size
9,999 SF
Property subtype
Multi Family / 3-Three Story
Net Operating Income
$9,999
Taxes and HOA fees
Annual Taxes
$10,157
Amenities
Yes
No
Asphalt Shingle, See Remarks
Unfinished
Vinyl Siding
Building Details
Year Built
1897
Listing Agency:
EXIT PLATINUM REALTY
(973) 746-4777
Listed By:
DAVON CRUTCHFIELD · License #404090
(973) 746-4777
Source:
Compass
Added: Mar 26
Changed: Aug 8
Last Checked: Jul 26 at 2:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT PLATINUM REALTY
Investment Insights
Based on property information with market context.
This legal 3-family home is located approximately 5 minutes from Rutgers University, 7 minutes from downtown, and less than 15 minutes from Newark Penn Station. The property has been recently renovated and well-maintained. The property is suitable for owner-occupants or investors seeking supplemental rental income. The property includes a spacious backyard that offers room for entertaining and expansion possibilities. The property size is 9999 square feet.
Key Highlights
- Legal 3‑family home, ideal for owner‑occupants or investors.
- Prime location: 5 minutes from Rutgers University, 7 minutes from downtown, and less than 15 minutes from Newark Penn Station.
- Well‑maintained and recently renovated.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,620
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal 3-family home near Rutgers, downtown, and Newark Penn.
Where is this triplex located?
The property is located at 224 12th Avenue Newark, NJ.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Legal 3‑family home, ideal for owner‑occupants or investors.; Prime location: **5 minutes from Rutgers University, 7 minutes from downtown, and less than 15 minutes from Newark Penn Station.**; Well‑maintained and recently renovated.
