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11-Unit Brownstone Apartment Portfolio
For Sale
$2,750,000

31 S 12th St #., Newark, NJ 07107

Five adjoining brick buildings offer updated, occupied apartments in an R-4-zoned Newark portfolio with transit and highway access.

Property SizeContact for details
Days on Market44

Property Features for 31 S 12th St #.

General Information

Standard status Active
Property subtype Commercial
Zoning R-4
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 11

Building Details

Year Built 1920
Buildings 5
Construction brick brownstone
Tenancy Multi
Listing Agency: Re/Max Professionals I
Listed By: Alain Beade
Source: Betterhomerealestate
Added: Jul 22 Changed: Aug 30 Last Checked: Aug 31 at 5:11PM

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 Re/Max Professionals I

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises five adjoining brick brownstones at 31, 31.5, 33, 33.5, and 37 S 12th St. Built in 1920, the properties contain 11 units with a combined 27 bedrooms and 15 bathrooms. All units were updated in 2025 and are currently tenant occupied.

The portfolio is located in Newark City, New Jersey, with access to major highways and NJ Transit connections for travel toward New York City. The properties are zoned R-4. Each building is also available for individual purchase, providing flexibility for acquisition structure.

Key Highlights

  • Five side‑by‑side brick brownstones at 31, 31.5, 33, 33.5, and 37 S 12th St
  • 11 total units across 5 properties
  • Combined unit mix includes 27 bedrooms and 15 bathrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Five adjoining brick buildings offer updated, occupied apartments in an R-4-zoned Newark portfolio with transit and highway access.
Where is this apartment building located?
The property is located at 31 S 12th St #. Newark, NJ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Five side‑by‑side brick brownstones at 31, 31.5, 33, 33.5, and 37 S 12th St; 11 total units across 5 properties; Combined unit mix includes 27 bedrooms and 15 bathrooms
More about this property
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