72 1/2 Summer Ave
Newark City, NJ 07104
Price: $499,000
GSMLS: 4061372Type: Multi-Family
Style: 2-Two Story
Total Units: 2
Beds: 4
Baths: 2 Full & 1 Half
Garage: No
Year Built: 1935
Acres: 0.03
Property Tax: $11,677
Description
Explore the possibilities with this two-unit property in Newark, NJ! Featuring two residential units, this property offers flexibility for a variety of ownership and investment opportunities. Interior updates include an updated kitchen, a renovated bathroom, and a new boiler. The property also offers backyard space for outdoor enjoyment. Conveniently located within walking distance of NJ Transit, the property provides access to transportation options serving New York City, with travel to Manhattan taking approximately 30 minutes, depending on route and schedule. The surrounding area features a variety of local amenities, shopping, dining, and ongoing commercial development, including businesses such as Chick-fil-A and Whole Foods in the broader area. With two separate residential units, the property offers potential for rental income, subject to applicable zoning, occupancy, and rental requirements. Investors may also explore future rental opportunities based on market conditions and permitted rents. Convenient access to public transportation, major roadways, and nearby amenities adds to the property's appeal. Schedule a showing to explore the layout, updates, outdoor space, and possibilities this property has to offer. *Photos for the 2nd unit to follow*
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Finished, Full
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
15X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Off-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Gas, Owner Pays Heat, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
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:
$499,000
Tax Amount:
$11,677
Land Assessment:
$17,800
Build. Assessment:
$274,200
Total Assessment:
$292,000
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4061372
List Date:
10-27-2026
Days On Market:
0
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Peter Boutros
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
