129-131 Carolina Ave
Newark City, NJ 07106
Price: $830,000
GSMLS: 4049289Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 8
Baths: 4 Full
Garage: No
Year Built: 1932
Acres: 0.10
Property Tax: $8,505
Description
Well-maintained 4-family property offering 8 bedrooms and 4 full bathrooms, providing an excellent opportunity for rental income. Features include beautiful hardwood floors, a roof replaced in 2025, newer furnace and windows, and full-size basement offering tremendous potential for additional use or storage. Conveniently located approximately 15 minutes from Newark Airport. A great opportunity for investors looking to add a strong income-producing property to their portfolio. All units are currently occupied. Buyer to conduct their own due diligence regarding leases, rents, expenses, and property condition.
General Info
Style:
Fourplex
SqFt Building:
n/a
Total Rooms:
16
Basement:
Yes - Bilco-Style Door, Finished-Partially, Full, Walkout
Interior:
Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding, Brick
Lot Size:
45X100
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
Spaces Available:
6
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Utilities
Heating:
1 Unit
Heating Fuel:
Electric, Gas-Natural
Cooling:
None
Water Heater:
Electric, Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas In Street
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$830,000
Tax Amount:
$8,505
Land Assessment:
$22,500
Build. Assessment:
$190,200
Total Assessment:
$212,700
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4049289
List Date:
08-27-2026
Days On Market:
1
Listing Broker:
REALTY ONE GROUP LIVING
Listing Agent:
Eva Tineo
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
