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About This Home
This 6-bedroom, 3-bathroom residential multi family at 366 Summer Ave in Newark City, NJ is listed for $689,000. Built in 1881, on a 0.10 acres lot.
Fantastic Owner-Occupant or Investor Opportunity! Discover this well-maintained 3-family property offering strong rental potential and long-term value. Ideally located near transportation, shopping, schools, and houses of worship, this property delivers both convenience and growth opportunity.
Each apartment features updated kitchens and modernized baths, with separate utilities tenants pay their own gas, heat, and electric keeping operating costs low. The recently redone basement and plumbing add peace of mind and functionality. large double back lot provides ample off-street parking or potential for a future build or subdivision (variance required), offering excellent upside for investors or developers.
With low taxes, no oil tank on the property, and solid existing condition, this home is truly turnkey and ready to go.
Key Features
- Built in 1881
- 0.10 acre lot
- 2 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$3,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
366 Summer Ave
Newark City, NJ 07104-5283
Property Details
Construction
Parking
Heating
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 366 Summer Ave is listed at $689,000. The estimated monthly payment is $2,986 based on 20% down at 6.5% interest.
Key features include: Built in 1881, 0.10 acre lot, 2 parking spaces.
This property is listed by KEVIN SEAN COLLYMORE and can be reached at 9737837400 or thecollymoregroup@gmail.com.
