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424 Summer Ave

Newark City, NJ 07104
  • $650,000
  • STATUS: Active Under Contract
  • ON SITE: 56 Days
  • MLS #: 4001823
Under Contract
UPDATED: 21 min ago
$650,000
  • 13
    BEDS
  • 0.06
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 5,128
    SQFT
  • $127
    $/SQFT
Neighborhood:
Mount Pleasant Section
Type:
Multi-Family
Built:
1909
County:
Essex
Area:
Newark City

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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.

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-11T22:48:54.447.
www.trompeterrealestate.com/homes/171421459
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424 Summer Ave Newark City, NJ 07104

  • Price: $650,000
  • Status: Active Under Contract
  • On Site: 56 Days
  • Updated: 21 min ago
  • MLS #: 4001823
13
Beds
4
Baths
0
½ Baths
0.06
Acres
5,128
SQFT
$127
$/SQFT
1909
Built
Neighborhood:
Mount Pleasant Section
County:
Essex
Area:
Newark City
Property 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.
Exterior Features

Approximate Lot Size 25X100 Exterior Description Vinyl Siding Exterior Features Metal FenceSidewalk Number Of Parking Spaces 2 Parking Driveway Description 2 Car Width Roof Description See Remarks

Interior Features

Basement Yes Basement Description FinishedFullWalkout Cooling Wall A/C Unit(s)Window A/C(s) Heating 4+ UnitsBaseboard - Hotwater Interior Features Carbon Monoxide DetectorFire ExtinguisherHigh CeilingsParquet FloorsSmoke DetectorTile Floors Total Number Of Rooms 20 Unit1 Appliances Equipment CarbMDetCeilFanCookGasMicrowavRgOvGasRefrigSmokeDet Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description AtticBedroomsEat-In KitchenKitchenLiving Room Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 1300 Unit2 Appliances Equipment CarbMDetCeilFanCookGasMicrowavRgOvGasRefrigSmokeDet Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 6 Unit2 Levels 7 Unit2 Room Description BedroomsDining RoomEat-In KitchenFamily RoomKitchenLiving Room Unit2 Rooms 5 Unit2 Sq Ft 1300 Unit3 Baths 1.0 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Levels 1 Unit3 Room Description BedroomsDining RoomEat-In KitchenFamily RoomKitchenLiving Room Unit3 Rooms 5 Unit3 Sq Ft 1300 Unit4 Appliances Equipment Refrigerator Unit4 Baths 1.0 Unit4 Bedrooms 3 Unit4 Levels 1 Unit4 Room Description BedroomsEat-In KitchenKitchenLiving/Dining RoomUtility Room Unit4 Rooms 5 Unit4 Sq Ft 1300

Property Features

Assessment Total 197200 Building Assessment 171100 Easement No Expenses Include Cold WaterHot & Cold WaterInsuranceTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 26100 Net Operating Income 0 Sewer Public Sewer Tax Amount 7499 Tax Rate Amount 3.803 Tax Rate Year 2025 Tax Year 2024 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays Gas Unit1 Rent 1100 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays Gas Unit2 Rent 1100 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Tenant Pays ElectricTenant Pays Gas Unit3 Rent 800 Unit3 Security Deposit 0 Unit4 Handicap Modified Yes Unit4 Owner Tenant Pays Owner Pays HeatOwner Pays Water Utilities Gas-NaturalSee Remarks Water Public Water Water Heater Gas Year Built Description Approximate

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 551-655-1904.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-02-11T22:48:54.447.
 
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