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37 S 12Th St, Newark, NJ, 07107

5beds
3baths
0sqft
$550,000
--price/sqft
$4,343/moest. monthly cost
$173,720/yrincome needed

About This Home

Welcome to this stunning brick brownstone nestled in the heart of Newark, NJ. This fully updated 2-unit multifamily exudes that coveted NYC and Jersey City brownstone charm, sitting on an 18x100 lot featuring a full basement and parking. Thoughtfully renovated in 2025 with modern finishes throughout, both units are currently tenant occupied and generating consistent rental income from day one. Perfect for the seasoned investor seeking immediate cash flow or an owner-occupant looking to live in one unit while collecting rental income from the other. Experience the charm and character of classic brownstone living at a fraction of NYC and Jersey City prices with low 2025 taxes. Conveniently located with easy access to major highways and NJ Transit for a seamless commute to NYC. Property can be purchased individually or as part of an exclusive package deal with 4 additional side-by-side brick brownstones on S 12th St, totaling 5 properties. Opportunities like this do not last. Schedule your showing today.

Getting Around

78
WalkingVery Walkable
67
TransitGood Transit
36
BikeSomewhat Bikeable

Schools

1/10
West Side High SchoolGrades 9-120.8 mi
1/10
Barringer High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas,See Remarks

Basement

  • Has basement: Yes
  • Basement: Yes,Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Bedrooms,Kitchen,See Remarks

Heating & Cooling

  • Heating features: 2 Units,See Remarks,Natural Gas
  • Cooling features: 2 Units,See Remarks

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614018670000000670000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 1,742 sqft
  • Lot size dimensions: 18.1 x 100

Parking

  • Parking features: On Street,On-Street Parking
  • Has uncovered spaces: Yes

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 $2,781$33,372
Home Insurance *$407$4,884
Property Taxes $962$11,544
Electricity $193$2,318
Total$4,343$52,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,902/yr
40% on housing$130,290/yr
45% on housing$115,813/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07107$313
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07107$199
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
2026-07-21Listed for sale$550,000
2018-01-30Listing removed$1,200
2018-01-24Price change$1,200
2017-12-22Listed for rent$1,300
2016-03-20Listing removed$1,300
2016-02-19Listed for rent$1,300
2016-02-03Sold$110,000
2015-11-10Listed for sale$125,000
2014-10-01Listing removed$125,000
2014-09-16Price change$125,000
2014-08-27Price change$199,000
2014-04-01Listed for sale$125,000
2012-02-01Sold$41,000
2012-01-31Listed for sale$41,200
2011-06-29Listing removed$41,200
2011-06-22Price change$41,200
2011-06-18Listed for sale$90,000
2003-11-07Sold$30,000

For Sale by Agent

AgentAlain Beade
BrokerageRe/Max Professionals I

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