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743 S 12Th St, Newark, NJ, 07103

11beds
6baths
2,800sqft
$755,000
$270price/sqft
$5,980/moest. monthly cost
$239,200/yrincome needed

About This Home

Great investment opportunity! This well-maintained 3-family property offers excellent potential for strong monthly rental income. Each unit features washer and dryer hookups, central air and heat, and a conveniently located HVAC system in a closet for easy access. The units include a spacious living room and dining room combo with an open-concept kitchen, creating a comfortable and functional layout. High ceilings throughout provide an airy, open feel. The 2nd and 3rd floor units also feature an additional bonus room, ideal for a home office, guest room, or extra storage. Located close to public transportation and major highways, making it convenient for commuters. A great opportunity for investors or owner-occupants looking to generate rental income. Don't miss out schedule your showing today!

Getting Around

74
WalkingVery Walkable
63
TransitGood Transit
52
BikeBikeable

Schools

1/10
Central High SchoolGrades 9-120.8 mi
1/10

Construction

Condition

  • Year built: 1999

Materials

  • Roof: Flat
  • Construction materials: Stucco,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range/Oven - Gas,Refrigerator,Microwave Oven
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Bedrooms,Kitchen,Living/Dining Room,Living Room

Heating & Cooling

  • Heating features: 3 Units,Natural Gas
  • Cooling features: 3 Units

Interior Area

  • Total structure area: 2,800
  • Total interior livable area: 2,800 sqft

Property

Details

  • Parcel number: 1614026320000000180000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 25 x 100

Parking

  • Parking features: On Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,817$45,804
Home Insurance *$534$6,408
Property Taxes $1,321$15,852
Electricity $308$3,703
Total$5,980$71,760
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$205,028/yr
40% on housing$179,400/yr
45% on housing$159,466/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$270This listing

vs Other Active Listings

Avg $/sqft

ZIP 07103$277
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07103$164
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-15Listed for sale$780,000
2021-09-13Sold$600,000
2021-09-07Pending sale$589,900
2021-08-31Listing removed--
2021-08-26Pending sale$589,900
2021-07-08Listing removed--
2021-07-02Pending sale$589,900
2021-05-18Listed for sale$589,900
2019-10-17Sold$435,000
2018-01-02Sold$360,000
2017-01-06Sold$174,900
2016-10-19Price change$179,900
2016-09-14Price change$189,000
2016-08-05Listed for sale$199,900
2011-02-18Sold$385,000
2009-03-03Sold$36,000
2008-11-20Listing removed$59,900
2008-11-05Price change$59,900
2008-09-26Price change$69,500
2008-08-19Listed for sale$80,750
2005-06-24Sold$180,000
1997-05-20Sold$77,000

For Sale by Agent

AgentTamer Masoud
BrokerageRealty One Group Legend

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