$7,719 Closing Credit¹
Listing Office: CORNERSTONE REALTY ASSOCIATES
$7,719
closing credit¹
129 Carolina Ave Newark City, NJ 07106
$650,000 List price
$7,719
Closing credit¹
6 beds
4 full
0.10 acres
Multi-Family
Property details
About 129 Carolina Ave
Well-maintained 4-family investment property offering a total of 6 bedrooms and 4 bathrooms. An impressive floor plan spanning approx 3,990 sqft is extremely spacious allowing for both 1-bedroom units to be easily converted into 2-bedroom units, providing excellent potential for increased rental income. The potential annual rental income for this property is $88,000, with annual taxes amounting to $7,929. This results in a net annual income of $80,071 before utilities and debt servicing charges. Currently, the rent roll is approximately $68,616 annually. Property has hardwood floors throughout and comes with newer roofing, furnace and windows. Basement is full size, standing height and amazing with unlimited potential. This is a commuter's delight, conveniently located near a NYC bus stop, 5 Minutes' drive to NYC train station, 15 minutes from Newark Liberty Airport, and close to major highways and shopping malls. ( Conventional loans only )
Highlights
Home typeMulti Family
HeatingElectric, Natural Gas
StatusActive
BasementYes
Lot size0.1 Acres
Year built1944
Parking2 Car Width, Additional Parking, Blacktop, Driveway-Exclusive, Off-Street Parking
MLS #3941271
Summary
- MLS Number: 3941271
- Office Name: COLDWELL BANKER REALTY
- Office Phone: (908) 422-8621
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Last updated on: 1/29/2025, 4:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
129 Carolina Ave
$7,719
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
University Elementary School
Public District PK-5
0.3 mi
•1 University Pl
2
Madison Avenue
Public District PK-5
0.5 mi
•173 Madison Ave
3
Burch Charter School of Excellence
Public Charter KG-5
0.6 mi
•100 Linden Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,327. The majority of Newark City, NJ residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
37%
<35k
34%
35k-100k
16%
100k-200k
13%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
40%
Single, No Kids
29%
Single, with Kids
18%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
39%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
H&M
Where do the neighbors go to eat?
Little Caesars
White Castle
Boston Market
What do the neighbors drive?
Dodge
Kia
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 129 Carolina Ave in Newark City, NJ and zip code 07106 in the West Ward neighborhood. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 14, 2025 and is currently priced at $650,000.
Over 17 listings were sold over their listed price in December 2024 in Newark City, NJ. In the same period over 8 listings were sold below the listed price and 6 listings were sold for the listed price. The inventory of homes for sale in Newark City, NJ between November and December 2024 increased by 10.8%. Listings spent 31 days on the market in December 2024, and had a median list price of $440,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.