424 Summer Ave
Newark City, NJ 07104
Price: $650,000
GSMLS: 4001823Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 13
Baths: 4 Full
Garage: No
Year Built: 1909
Acres: 0.06
Property Tax: $7,499
Description
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.
General Info
Style:
3-Three Story
SqFt Building:
5,128
Total Rooms:
20
Basement:
Yes - Finished, Full, Walkout
Interior:
Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Parquet Floors, Smoke Detector, Tile Floors
Roof:
See Remarks
Exterior:
Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
2 Car Width
Spaces Available:
2
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Attic, Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CeilFan,CookGas,Microwav,RgOvGas,Refrig,SmokeDet
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Kitchen, Living Room
Levels:
7
Square Foot:
n/a
Fireplaces:
6
Appliances:
CarbMDet,CeilFan,CookGas,Microwav,RgOvGas,Refrig,SmokeDet
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CeilFan,CookGas,Microwav,RgOvGas,Refrig,SmokeDet
Utilities:
Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living/Dining Room, Utility Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Refrigerator
Utilities:
Owner Pays Heat, Owner Pays Water
Handicap:
Yes
Utilities
Heating:
4+ Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s), Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural, See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
Mount Pleasant Secti
Financial Considerations
List Price:
$650,000
Tax Amount:
$7,499
Land Assessment:
$26,100
Build. Assessment:
$171,100
Total Assessment:
$197,200
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4001823
List Date:
12-16-2025
Days On Market:
3
Listing Broker:
KELLER WILLIAMS PARK VIEWS
Listing Agent:
Lauren Sosa
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
