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 Airport
Sold for $605,000 on 08/12/25
$605,000
418 Summer Ave, Newark, NJ 07104
5beds
--sqft
Multi Family
Built in ----
-- sqft lot
$605,200 Zestimate®
$--/sqft
$3,042 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 12, 2025 at 10:22am
Listed by:
Nancy Marie Rosa 732-221-0432,
Rosa Agency Elizabeth, Inc.
Bought with:
Outside Agent
Outside Office
Source: NJMLS,MLS#: 25021092

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Details
- Parcel number: 140062600000100030
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sep Heat
Community & neighborhood
Location
- Region: Newark
Services availability
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Estimated market value
$605,200