72 1/2 Summer Ave Newark, NJ $ 499,000
72 1/2 Summer Ave
$ 499,000
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72 1/2 Summer Ave

Newark, NJ, 07104
$ 499,000
Bedrooms4 Baths2.1

Monthly Estimate*

$ 3,446

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Multi-Family Home for sale in Newark, NJ

for $499,000 with 4 bedrooms and 2 full baths, 1 half bath. This home was built in 1935 on a lot size of 0.03.

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*

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Multi-Family Active

Price

$ 499,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 11,677

Style

2-Two Story

Lot Size

0.03

Year Built

1935

Town/City

Newark

County/Region

Essex

MLS | Web ID

4061372

Features
General
Sewer Public Sewer
Heating 2 Units Radiators - Steam
Cooling 2 Units Window A/C(s)
Utilities Gas-Natural
Possession at Closing
Roof Asphalt Shingle
Architectural Style 2-Two Story
Year Built 1935
Township Newark City
Tax Year 2025
Gross Income 41400
County Essex
Net Operating Income 12000
Operating Expense 29400
Total Rooms 10
Full Baths 2
Status Active
Directions From Route 21 take the exit toward Summer Ave and continue to the property. GPS works fine
Open Parking Spaces 0
Number Of Units Total 2
Tax Annual Amount 11677
Drive Off-Street Parking
Standard Status Active
Tax Assessed Value 292000
Town # 1614
Tax Lot 70
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Interior
Basement Finished Full
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 1
Total Bedrooms 4
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Exterior
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions 15X100
Lot Size Acres 0.03
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* Excluded Features
List By
PETER BOUTROS

Listing Agent

Exp Realty, Llc

Broker

peter@stunningnjhomes.com

Email

Affordability Calculator

$4,420
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,446
Monthly Property Taxes
$973
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/27/2026$499,000 Listed Price

Map


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72 1/2 Summer Ave, Newark, NJ, 07104 is a Multi-Family Home for sale at $499,000 with a lot size of 0.03. 72 1/2 Summer Ave has 4 bedrooms, 2.1 baths, and was built in 1935. The property's zip code is 07104 which is in Newark, NJ