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$830,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
See This Home
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See This Home
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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.

Full Property Details for 129-131 Carolina Ave

General

  • Price: $830,000
  • Taxes: $8,505 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4049289
  • Updated: 8/27/2026
  • Added to Site: 47 day(s) ago

Interior

  • Number of Rooms: 16
  • Interior Features: Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Exterior Features: Curbs, Sidewalk

Location

  • County: Essex
  • Driving Directions: Carolina Ave.

Heating & Cooling

  • Cooling Type: No Cooling
  • Heating Type: 1 Unit
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Electric, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Gas In Street

Structural Information

  • Architectural Style: Fourplex
  • Exterior Const.: Aluminum Siding, Brick
  • Basement: Yes
  • Basement Desc.: Bilco-Style Door, Finished-Partially, Full, Walk-Out
  • Roof: Asphalt Shingles
  • Year Built: 1932

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
  • Square Feet: 997
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
  • Square Feet: 997
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
  • Square Feet: 997
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
  • Square Feet: 997
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Dimensions: 45 x 100
  • Driveway/Sidewalk: 2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
  • Lot Description: Level Lot

Financial Considerations

  • Operating Expenses: $1
  • Assessment Amount: $190,200
  • Land Assmt: $22,500
  • Tax Amount: $8,505
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: tenants' personal belongings
  • Block: 4043.01
  • Lot Number: 66

Listed by Realty One Group Living

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Listing agent

— 129-131 Carolina Ave —

  • Realty One Group Living

201-279-2264

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 129-131 Carolina Ave

School District:Newark City School District
NameGradesDistance
Lincoln Elementary School, Newark, NJ
87 Richelieu Terrace, Newark, NJ 07106
K-80.6 mi
Ivy Hill Elementary School
107 Ivy Street, Newark, NJ 07106
PK-80.6 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-80.8 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-121.2 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-121.8 mi
Weequahic High School
279 Chancellor Avenue, Newark, NJ 07112
9-122 mi
Mount Vernon Elementary School
142 Mount Vernon Place, Newark, NJ 07106
PK-81 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-81.5 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-81.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 129-131 Carolina Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/27/2026
Listed
$830,000
18.57%
MLS
3/03/2025
Sold
$700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 129-131 Carolina Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,506
7%
$212,700
—
2023
$7,929
—
$212,700
—
2022
$7,946
—
$212,700
—
2021
$7,942
33%
$212,700
—
2021
$5,988
-24%
$212,700
—
2018
$7,855
-2%
$212,700
—
2019
$8,000
6%
$212,700
—
2017
$7,572
3%
$212,700
—
2016
$7,317
4%
$212,700
—
2015
$7,038
12%
$212,700
—
2013
$6,281
—
$212,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 129-131 Carolina Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Realty One Group Living

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129-131 Carolina Ave, Newark, NJ 07106 (MLS# 4049289) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 129-131 Carolina Ave is currently listed for $830,000 and was received on August 27, 2026. Want to learn more about 129-131 Carolina Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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