For Multi Family

424 Summer Ave,Newark City, NJ 07104-2996

December 16, 2025

Excellent 3-Family investment opportunity located at 424 Summer Ave, Newark, NJ! This spacious property features a total of 20 rooms, 13 bedrooms, and 4 full baths, offering strong income potential and flexible living arrangements. Situated on a 2,500 sq ft lot, the building is well-suited for owner-occupants or savvy investors seeking steady rental income. Conveniently located near public transportation, major highways, shopping, and local amenities don’t miss this prime multifamily opportunity in a high-demand area.

Property ID:PT-20996440-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 650,000 $

Bedrooms:13

Year Built:1909

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 3

Home Details

Subdivision: Mount Pleasant Section

Open Parking: 2

Basement: Yes

Basmnt/Desc: Yes - Finished, Full, Walkout

Acreage: 0.06

Total Baths: 4.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 20

Easement/Desc: No

Exterior Description: Vinyl Siding

Possesion: 2/16/26

Unit 1 Appliances/Equipment: CarbMDet,CeilFan,CookGas,Microwav,RgOvGas,Refrig,SmokeDet

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas

Unit 1 Handicap: No

Unit 1 SqFt: 1300

Unit 1 Rent: 1100

Unit 1 Room Description: Attic, Bedrooms, Eat-In Kitchen, Kitchen, Living Room

Unit 2 Appliances/Equipment: CarbMDet,CeilFan,CookGas,Microwav,RgOvGas,Refrig,SmokeDet

Unit 2 Levels: 7

Unit 2 Rooms: 5

Unit 2 Beds: 3

Unit 2 Baths: 1.0

Unit 2 Fireplaces: 6

Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas

Unit 2 Handicap: No

Unit 2 SqFt: 1300

Unit 2 Rent: 1100

Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Kitchen, Living Room

Unit 3 Appliances/Equipment: CarbMDet,CeilFan,CookGas,Microwav,RgOvGas,Refrig,SmokeDet

Unit 3 Levels: 1

Unit 3 Rooms: 5

Unit 3 Beds: 1

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas

Unit 3 Handicap: No

Unit 3 SqFt: 1300

Unit 3 Rent: 800

Unit 3 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Kitchen, Living Room

Block Identifier: 625

County Number: 16

Town Number: 1614

YB/Desc: 1909 - Approximate

Easement: No

Parking/Driveway Description: 2 Car Width

Block Identifier: 625

County Number: 16

Town Number: 1614

Possession: 2/16/26

Taxes, Fees & Assessments

Expense Include: Cold Water, Hot & Cold Water, Insurance, Taxes

Tax ID For Property: 1614-00625-0000-00003-0000-

Tax Amount: $7,499.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $26,100.00

Building Assessment: $171,100.00

Total Assessment: $197,200.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 4+ Units, Baseboard - Hotwater

Cool System: Wall A/C Unit(s), Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Gas-Natural

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Listing Details

424 Summer Ave,Newark City, NJ 07104-2996

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