320 Summer Ave Newark, NJ $ 599,000
320 Summer Ave
$ 599,000
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320 Summer Ave

Newark, NJ, 07104
$ 599,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 3,688

320 Summer Ave, Newark, NJ 07104 - Image 1

Multi-Family Home for sale in Newark, NJ

for $599,000 with 4 bedrooms and 2 full baths. This home was built in 1877 on a lot size of 0.09.

Welcome to this well-maintained two-unit property offering excellent income potential and flexible living space. Each unit features 2 spacious bedrooms, 1 full bathroom, a bright living room, and an eat-in kitchen perfect for comfortable everyday living. The finished attic provides additional rooms ideal for home office, storage or recreation, while the finished basement offers even more versatility for storage, entertaining, or personal use. A rare 2-car detached garage (which fits 4+ cars) adds tremendous value and convenience, with plenty of space for parking or additional storage. Conveniently located near public transportation, shopping, dining, and major highways, making commuting and daily errands a breeze. This property is an outstanding opportunity for investors seeking strong rental potential or for Owner-occupants looking to offset mortgage costs with rental income. Don't miss this versatile and income-producing property in a prime location!

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Multi-Family Active

Price

$ 599,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 6,183

Style

3-Three Story

Lot Size

0.09

Year Built

1877

Town/City

Newark

County/Region

Essex

MLS | Web ID

4009538

Features
General
Sewer Public Sewer
Heating 1 Unit Radiators - Steam
Cooling None
Utilities Electric Gas-Natural
Possession Upon Closing
Roof Asphalt Shingle
Garage Spaces 2
Architectural Style 3-Three Story
Year Built 1877
Garage Detached Garage
Township Newark City
Tax Year 2024
Gross Income 29280
County Essex
Net Operating Income 23097
Operating Expense 6184
Total Rooms 10
Full Baths 2
Status Active
Directions Broadway to 2nd Ave to Summer Ave
Open Parking Spaces 4
Number Of Units Total 2
Tax Annual Amount 6183
Drive Off-Street Parking
Standard Status Active
Tax Assessed Value 162600
Town # 1614
Tax Lot 7
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Interior
Basement Finished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 4
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Exterior
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 25X150
Lot Size Acres 0.09
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* Excluded Features
List By
JESSICA ROJAS

Listing Agent

Real

Broker

jessicarojasbroker@gmail.com

Email

Affordability Calculator

$4,203
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,688
Monthly Property Taxes
$515
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2026$599,000 Listed Price

Map


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320 Summer Ave, Newark, NJ, 07104 is a Multi-Family Home for sale at $599,000 with a lot size of 0.09. 320 Summer Ave has 4 bedrooms, 2.0 baths, and was built in 1877. The property's zip code is 07104 which is in Newark, NJ