Excellent 3-Family investment opportunity located at 424 Summer Ave, Newark, NJ! This spacious property features a total of 20 rooms, 13 bedrooms, and 4 full baths, offering strong income potential and flexible living arrangements. Situated on a 2,500 sq ft lot, the building is well-suited for owner-occupants or savvy investors seeking steady rental income. Conveniently located near public transportation, major highways, shopping, and local amenities don't miss this prime multifamily opportunity in a high-demand area.
Active
$650,000
424 Summer Ave, Newark City, NJ 07104
13beds
5,128sqft
Est.:
Multi Family
Built in 1909
-- sqft lot
$-- Zestimate®
$127/sqft
$-- HOA
What's special
Spacious property
- 13 hours |
- 133 |
- 12 |
Zillow last checked: December 16, 2025 at 03:24am
Listing updated: December 16, 2025 at 03:24am
Listed by:
Lauren Sosa 551-655-1904,
Keller Williams Park Views
Source: GSMLS,MLS#: 4001823
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 4
- Full bathrooms: 4
Heating
- 4+ Units, Baseboard - Hotwater, Natural Gas
Cooling
- Wall Unit(s), Window Unit(s)
Appliances
- Included: Refrigerator, Gas Water Heater
Features
- High Ceilings, Attic, Bedrooms, Eat-in Kitchen, Kitchen, Living Room, Dining Room, Eat-In Kitchen, Family Room, Living/Dining Room, Utility Room
- Flooring: Parquet, Tile
- Basement: Yes,Finished,Full,Walk-Out Access
- Number of fireplaces: 6
Interior area
- Total structure area: 5,128
- Total interior livable area: 5,128 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car Width
- Uncovered spaces: 2
Accessibility
- Accessibility features: Handicap Modified
Features
- Levels: 3-Three Story
- Stories: 3
- Exterior features: Sidewalk
- Fencing: Metal Fence
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 1614006250000000030000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: See Remarks
Condition
- Year built: 1909
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, See Remarks
Community & HOA
Community
- Security: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
- Subdivision: Mount Pleasant Section
Location
- Region: Newark
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $197,200
- Annual tax amount: $7,499
- Date on market: 12/16/2025
- Total actual rent: 3000
- Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2025 | Listed for sale | $650,000+160%$127/sqft |
Source:  GSMLS #4001823 Report a problem | ||
| 3/31/2003 | Sold | $250,000+47.1%$49/sqft |
Source: Public Record Report a problem | ||
| 9/28/2001 | Sold | $170,000+161.9%$33/sqft |
Source: Public Record Report a problem | ||
| 11/21/2000 | Sold | $64,900-31.7%$13/sqft |
Source: Public Record Report a problem | ||
| 7/2/1997 | Sold | $95,000-40.3%$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,500 | $197,200 |
| 2024 | $7,500 +0.1% | $197,200 |
| 2023 | $7,494 | $197,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,491/mo
Principal & interest
$3169
Property taxes
$1094
Home insurance
$228
Climate risks
Neighborhood: North Broadway
Nearby schools
GreatSchools rating
- 5/10Roberto Clemente Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 8/10Technology High SchoolGrades: 9-12Distance: 0.6 mi
- 1/10Barringer High SchoolGrades: 9-12Distance: 1 mi
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