# 199 Summer Ave, Newark City, NJ 07104-2628 > **TL;DR:** 4bd/2ba residential multi family, $649,500, built 1920. Est. $3,473/mo. Listed 148 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $649,500 | | Bedrooms | 4 | | Bathrooms | 1 full, 1 half | | Year Built | 1920 | | Lot Size | 2,614 sqft (0.06 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 148 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,284 | | Estimated Insurance | $189 | | **Total** | **$3,473** | ## Property Highlights - Built in 1920 - 0.06 acre lot - 2 stories ## Description ### Agent Description Exceptional mixed-use investment opportunity in North Newark! This well-maintained two-unit property offers strong, stable cash flow with long-term tenancy in place and significant upside for investors seeking a turnkey asset.The ground-floor commercial space is occupied by a successful neighborhood grocery store with 12 years remaining on the lease, providing reliable income and built-in 3% annual rent increases. The business is NOT for sale.The second-floor residential unit features 4 bedrooms, 1 full bathroom, den/office and is currently rented on a month-to-month basis, offering flexibility for future rent adjustments or owner-user possibilities.Current rental income: Commercial Unit: $3,550/month (12 years remaining, 3% annual escalations) Residential Unit: $2,420.50/month (month-to-month)With low annual taxes of just $9,573.61 and a desirable mixed-use configuration, this property delivers excellent cash flow potential and long-term income growth. Conveniently located on a busy street with strong visibility, consistent foot traffic, and easy access to major highways, public transportation, shopping, and local amenities. ## Location - **Address:** 199 Summer Ave, Newark City, NJ 07104-2628 - **County:** Essex - **Coordinates:** 40.75838, -74.17204 - **Google Maps:** https://www.google.com/maps?q=40.75838,-74.17204 ## Listing Agent - **Name:** JEANETTE RODRIGUEZ - **Brokerage:** RE/MAX Professionals I - **Broker Phone:** (973) 418-0425 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/199-Summer-Ave_Newark_NJ_07104_M56673-78954?f=listhub&s=GSMLSNJ&m=4032954&c=propsimple) ## Photos ![199 Summer Ave - Photo 1](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f3356326074r.jpg) ![199 Summer Ave - Photo 2](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f1508740140r.jpg) ![199 Summer Ave - Photo 3](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f1995013466r.jpg) ![199 Summer Ave - Photo 4](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f3701214931r.jpg) ![199 Summer Ave - Photo 5](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f1640267851r.jpg) ![199 Summer Ave - Photo 6](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f1806061063r.jpg) ![199 Summer Ave - Photo 7](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f1743386355r.jpg) ![199 Summer Ave - Photo 8](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f2585976045r.jpg) ![199 Summer Ave - Photo 9](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f2546705677r.jpg) ![199 Summer Ave - Photo 10](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f3939501346r.jpg) ![199 Summer Ave - Photo 11](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f2881826342r.jpg) ![199 Summer Ave - Photo 12](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f3798467146r.jpg) ![199 Summer Ave - Photo 13](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f547018508r.jpg) ![199 Summer Ave - Photo 14](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f86321893r.jpg) ![199 Summer Ave - Photo 15](http://lh.rdcpix.com/54a646b3da4bf28b9c2ea7b943bffc2dl-f981732529r.jpg) --- **MLS#:** 4032954 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/199-summer-ave-newark-city-nj-07104-2628-ce672035a7b34910acbeaef876b60de8) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/199-summer-ave-newark-city-nj-07104-2628-ce672035a7b34910acbeaef876b60de8#listing", "url": "https://staging.propertysimple.ai/listing/199-summer-ave-newark-city-nj-07104-2628-ce672035a7b34910acbeaef876b60de8", "name": "199 Summer Ave, Newark City, NJ 07104-2628", "description": "Exceptional mixed-use investment opportunity in North Newark! This well-maintained two-unit property offers strong, stable cash flow with long-term tenancy in place and significant upside for investors seeking a turnkey asset.The ground-floor commercial space is occupied by a successful neighborhood grocery store with 12 years remaining on the lease, providing reliable income and built-in 3% annual rent increases. The business is NOT for sale.The second-floor residential unit features 4 bedrooms, 1 full bathroom, den/office and is currently rented on a month-to-month basis, offering flexibility for future rent adjustments or owner-user possibilities.Current rental income: Commercial Unit: $3,550/month (12 years remaining, 3% annual escalations) Residential Unit: $2,420.50/month (month-to-month)With low annual taxes of just $9,573.61 and a desirable mixed-use configuration, this property delivers excellent cash flow potential and long-term income growth. 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