Four-Unit Property with
New
For Sale
$830,000
129-131 Carolina Ave, Newark, NJ 07106
Multi-Family, Fourplex, Newark City, NJ
Property SizeContact for details
Lot Size0.10 Acres
Days on Market3
Property Features for 129-131 Carolina Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 8, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 4, Basement, Bedroom 3, Bathroom 2
Parking
6
Interior features
Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Exterior features
Curbs, Sidewalk
Lot features
Level Lot
Directions
Carolina Ave.
Standard status
Active
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8505
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1932
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
REALTY ONE GROUP LIVING
(201) 636-2280
Listed By:
Roy Castro
(973) 943-0956
Added: Aug 27
Last Checked: Aug 29 at 11:06AM
MLS# 4049289
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-family residential property contains 8 bedrooms and 4 full bathrooms, with all units currently occupied. Interior details include hardwood and tile flooring, high ceilings, smoke detectors, and fire extinguishers. A full-size basement provides additional storage or use space. The roof was replaced in 2025, and the property also has newer windows and a newer furnace.
Built in 1932 on a 0.1-acre lot at 129-131 Carolina Ave in Newark City, the property has public water and public sewer service. Curbs and sidewalks are present along the exterior, and the location is approximately 15 minutes from Newark Airport.
Built in 1932 on a 0.1-acre lot at 129-131 Carolina Ave in Newark City, the property has public water and public sewer service. Curbs and sidewalks are present along the exterior, and the location is approximately 15 minutes from Newark Airport.
Key Highlights
- Four‑family property with 8 bedrooms and 4 full bathrooms
- All units are currently occupied
- Roof replaced in 2025
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
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?
Quadplex - Occupied residential income property with a 2025 roof, newer windows and furnace, wood flooring, and a full-size basement.
Where is this quadplex located?
The property is located at 129-131 Carolina Ave Newark, NJ.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Four‑family property with 8 bedrooms and 4 full bathrooms; All units are currently occupied; Roof replaced in 2025
