Property

Newark City, NJ 07104 418 Summer Ave

Pending
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Presented By: ROSA AGENCY; 908-289-5200
  • MLS# 3969928
  • 06/17/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • Full/Half Baths • 3 / 1
  • Garage • 1

Home Details

Great Investment Opportunity in the Desirable Forest Hills Section of Newark! This well-maintained two-family home offers both comfort and income potential. The first-floor unit features 2 spacious bedrooms, 1 full bathroom, a large eat-in kitchen, and an open living/dining area perfect for modern living. The second-floor unit offers even more space, with 3 generously sized bedrooms, 1 full bathroom, and a convenient half bath. Both units were tastefully renovated just four years ago and remain in excellent condition. The walk- out finished basement, complete with a full bathroom, provides additional space ideal for storage, recreation, or entertainment. The property also features a convenient garage and ample on-street parking. Each unit is currently rented, making this an ideal opportunity for investors or owner-occupants seeking rental income. Very low taxes. Conveniently located near shops, major highways, Newark Penn Station and downtown, Branch Brook Park and Newark International Airport only 7 miles away. Don't miss your chance to own a turnkey property in one of Newark's most sought-after neighborhoods!
Presented By: ROSA AGENCY; 908-289-5200

Interior Features for 418 Summer Ave

Bedrooms

Total Bedrooms5
Unit 1 Beds Total2
Unit 2 Beds Total3

Bathrooms

Half Baths1
Unit 1 Baths Total1.0
Unit 2 Baths Total2.0

Other Interior Features

Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Dishwasher, Range/Oven - Gas
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas
BasementFinished, Walkout
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Other Rooms

Unit 2 Rooms7
Unit 1 Rooms5
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Living/Dining Room

General for 418 Summer Ave

Architectural StyleDuplex-Side by Side
CoolingWindow A/C(s)
CountyEssex
DirectionsBroadway Ave. to 2nd. Ave. to Summer Ave.
DriveAdditional Parking
EasementUnknown
ExclusionsTenants refrigerators.
Full Baths3
GarageCarport-Detached
Garage Spaces1
Gross Income
Heating2 Units
Home Warranty Y/NNo
Net Operating Income
Number Of Units Total2
Open Parking Spaces1
Operating Expense0
Possessionat closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount4111
Tax Assessed Value108100
Tax Lot30
Tax Year2024
Total Rooms15
Town #1614
TownshipNewark City
UtilitiesAll Underground
Water HeaterGas
Year Built1910

Exterior for 418 Summer Ave

Exterior DescriptionAluminum Siding
Lot Dimensions18.9X99.10
Lot FeaturesLevel Lot
Lot Size Acres0.04
Water SourcePublic Water

Additional Details

Price History

Brian Lee

Associate
Price $579,000
MLS#3969928
List Date 06/17/2025
Property Type Pending
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