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Two-Unit Duplex with Garage
For Sale
$599,900

240 Wainwright St, Newark, NJ 07112

Two-family layout with updated flooring, separate utilities, laundry hookups, and off-street parking.

Property SizeContact for details
Days on Market17

Property Features for 240 Wainwright St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family

Additional Details

Public Transit Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,142

Amenities

washer/dryer hookups
extra storage

Building Details

Year Built 1959
Buildings 1
Units 2
Listing Agency:
Listed By: MORGAN COUTO
Source: Elliman
Added: Aug 13 Changed: Aug 21 Last Checked: Aug 29 at 10:34AM

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 MORGAN COUTO

Investment Insights

Based on property information with market context.

This two-unit duplex offers a practical residential configuration, with each apartment arranged with two bedrooms and a formal living room. New flooring has been installed throughout, while separate utilities support independent household operation. Each unit also has access to a washer and dryer hookup.

A two-car garage provides off-street parking and additional storage. Built in 1959, the property is located in Newark, NJ, with a Walk Score of 80, a Transit Score of 59, and a Bike Score of 41.

Key Highlights

  • Two apartments, each with 2 bedrooms and a formal living room
  • New flooring installed throughout the property
  • Separate utilities for each apartment

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Acupuncture Skin Care Clinic

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,733
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family layout with updated flooring, separate utilities, laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 240 Wainwright St Newark, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and a formal living room; New flooring installed throughout the property; Separate utilities for each apartment
More about this property
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