320 Summer Ave, Newark City, NJ 07104
Essex County
Key Facts
Description
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!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story
Year Built
1877
Stories
3
Lot Size
0.09 acres
Garage Spaces
2
Days on Market
19
MLS® Listing#
4009538
Property Features
Heating
Basement
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$6,183
Tax year 2024
Assessed Value
$162,600
Parcel Number
1614-00577-0000-00007-0000-
Directions
Broadway to 2nd Ave to Summer Ave
Affordability Calculator
$119,800
Estimated monthly payment
$3,188/mo
Principal $479,200 · Est. interest $668,527 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,268
- Median Listing Price
- 49
- Median Days on Market
- 1,371
- Median Sq Ft
- $420
- Median Price / Sq Ft
- 3,223
- Active Listings
- This home’s price is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Getting Around
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Roberto Clemente Elementary School
Elementary · 0.2 mi away
Rafael Hernandez Elementary School
Elementary · 0.2 mi away
Robert Treat Academy Charter School
Elementary · 0.2 mi away
Ridge Street Early Childhood Center
School · 0.3 mi away
Marion Bolden Student Center
School · 0.3 mi away
Branch Brook School
School · 0.3 mi away
Technology High School
Secondary · 0.4 mi away
Saint Michael Catholic School
Elementary · 0.4 mi away
Franklin Elementary School
Elementary · 0.6 mi away
Barringer High School
Secondary · 0.7 mi away
First Avenue Elementary School
Elementary · 0.7 mi away
Essex County Day Training Center
Secondary · 0.7 mi away
First Avenue Public School
School · 0.8 mi away
Washington Elementary School
Elementary · 0.8 mi away
Barringer 9th Grade Success Academy
School · 0.8 mi away
Newark School of Global Studies
Secondary · 0.8 mi away
Abington Avenue School
Elementary · 0.8 mi away
Christ the King Preparatory School
School · 0.8 mi away
Luis Munoz Marin School
Elementary · 0.8 mi away
Our Lady of Good Counsel Church
School · 0.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 63 Garrison St, Newark City, NJ | $419,900 | 3 | 1 | 980 |
| 149 N Essex Ave, City Of Orange Twp., NJ | $420,000 | 6 | 2 | — |
| 64 Norwood St, Newark City, NJ | $420,000 | 3 | 3 | — |
| 15-19 Tichenor Ln 403, Newark City, NJ | $420,000 | 3 | 2 | 1,400 |
| 131 Comstock St, New Brunswick City, NJ | $420,000 | 3 | 1 | — |
| 134 N 8Th St, Paterson City, NJ | $420,000 | 3 | 2 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: REAL - 9736072001