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

240-242 Wainwright Street, Newark, NJ 07112

Two apartments offer two bedrooms, formal living rooms, separate utilities, and laundry hookups.

Property SizeContact for details
Days on Market74

Property Features for 240-242 Wainwright Street

General Information

Standard status Pending
Property subtype Multi-Family

Site & Location

Neighborhood Weequahic

Building Details

Year Built 1950
Listing Agency: Neno-Rosa Agency
Listed By: Morgan Couto · License #1013312
Source: Pickpina
Added: Aug 13 Changed: Oct 15 Last Checked: Oct 24 at 2:10PM

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 Neno-Rosa Agency

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Investment Insights

Based on property information with market context.

Built in 1950, this duplex contains two apartments, each with 2 bedrooms and a formal living room. New flooring runs throughout the property, giving both units a refreshed interior finish. Separate utilities support independent household operation, while two washer/dryer hookups add practical laundry capability.

A 2-car garage provides off-street parking and additional storage. The property’s two-unit configuration accommodates separate occupancy within one building and supports flexible residential use.

Key Highlights

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

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

Frequently Asked Questions

What type of property is this?
Duplex - Two apartments offer two bedrooms, formal living rooms, separate utilities, and laundry hookups.
Where is this duplex located?
The property is located at 240-242 Wainwright Street 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 throughout the property; Separate utilities for the two apartments
More about this property
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