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Updated 4-Unit Quadplex
New
For Sale
$949,000

29 Goodwin Ave, Newark, NJ 07112

Separate utilities, unfinished basement areas, and off-street parking support the building’s residential configuration.

Property Size8,358 SF
Price / SF$113.54
Days on Market5

Property Features for 29 Goodwin Ave

General Information

Standard status Active
Size 8,358 SF
Property subtype Multi Family

Units

Unit Mix 2 x 4BR/1BA, 2 x 3BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $10,621

Building Details

Year Built 1924
Buildings 1
Units 4
Listing Agency: RE/MAX First Realty II
Listed By: JAMES DELLOMO
Source: Elliman
Added: Oct 9 Changed: Oct 11 Last Checked: Oct 12 at 9:09PM

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 RE/MAX First Realty II

Investment Insights

Based on property information with market context.

This 8,358-square-foot quadplex is a legal four-family property built in 1924, with 14 bedrooms and 4 full bathrooms. Its two sides each contain a four-bedroom apartment above a three-bedroom apartment. The apartments have updated kitchens, bathrooms, flooring, and stainless steel appliances, along with separate kitchen and dining areas. Utilities are separately metered for the units.

Two unfinished basements have both interior and exterior access. The property also includes off-street parking and 3 garage spaces.

Key Highlights

  • 8,358 square feet with legal four‑family status
  • 14 bedrooms and 4 full bathrooms
  • Each side has a four‑bedroom unit over a three‑bedroom unit

Property Analytics

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Current Use

Quadplexes

Suggested Use

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

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,926
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Quadplex - Separate utilities, unfinished basement areas, and off-street parking support the building’s residential configuration.
Where is this quadplex located?
The property is located at 29 Goodwin Ave Newark, NJ.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 8,358 square feet with legal four‑family status; 14 bedrooms and 4 full bathrooms; Each side has a four‑bedroom unit over a three‑bedroom unit
More about this property
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