About This Home

This 4-bedroom, 3-bathroom residential multi family at 72 1/2 Summer Ave in Newark City, NJ is listed for $499,000. Built in 1935, on a 0.03 acres lot.

Key Features

  • Built in 1935
  • 0.03 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
1935
Listing Description

Explore the possibilities with this two-unit property in Newark, NJ! Featuring two residential units, this property offers flexibility for a variety of ownership and investment opportunities. Interior updates include an updated kitchen, a renovated bathroom, and a new boiler.

The property also offers backyard space for outdoor enjoyment. Conveniently located within walking distance of NJ Transit, the property provides access to transportation options serving New York City, with travel to Manhattan taking approximately 30 minutes, depending on route and schedule.

The surrounding area features a variety of local amenities, shopping, dining, and ongoing commercial development, including businesses such as Chick-fil-A and Whole Foods in the broader area. With two separate residential units, the property offers potential for rental income, subject to applicable zoning, occupancy, and rental requirements.

Investors may also explore future rental opportunities based on market conditions and permitted rents. Convenient access to public transportation, major roadways, and nearby amenities adds to the property's appeal. Schedule a showing to explore the layout, updates, outdoor space, and possibilities this property has to offer. *Photos for the 2nd unit to follow*

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

72 1/2 Summer Ave

Newark City, NJ 07104-2512

Property Details

Heating

SteamOther (Heating)

Questions & Answers

This 4-bedroom, 3-bathroom residential multi family at 72 1/2 Summer Ave is listed at $499,000. The estimated monthly payment is $2,669 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1935, 0.03 acre lot, 2 stories.

This property is listed by PETER BOUTROS.

PB

PETER BOUTROS

Agent at eXp Realty, LLC

Listed by eXp Realty, LLC · Broker phone: (866) 201-6210 · View on Broker Site · Broker website

MLS# 4061372· Source: Garden State MLS, LLC· 6 days on PropertySimple

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.

72 1/2 Summer Ave, Newark City, NJ 07104-2512

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