Prime Newark Investment Opportunity Welcome to 309 Summer Avenue, a well-located three-family property offering strong upside and long-term value in the heart of Newark. This income-producing asset features three separate units, totaling 6 bedrooms and 4 bathrooms, making it ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental income.Each unit offers functional layouts with generous living space, providing flexibility for tenants and consistent rental demand. The property is situated on a highly accessible corridor near public transportation, major highways, schools, shopping, and local amenities. This is an attractive location that supports strong occupancy and appreciation potential.Whether you're expanding your portfolio or seeking a smart house-hack opportunity, this home delivers on location, unit mix, and income potential. A solid addition to any real estate strategy in one of Newark's most convenient neighborhoods.
Under contract
$699,999
309 Summer Ave, Newark City, NJ 07104
6beds
--sqft
Multi Family
Built in 1900
-- sqft lot
$709,900 Zestimate®
$--/sqft
$-- HOA
What's special
Highly accessible corridor
- 85 days |
- 123 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Christopher Delgado 862-872-8043,
Lifestyle International Realty
Source: GSMLS,MLS#: 4021246
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard - Hotwater, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Range/Oven - Gas, Refrigerator, Gas Water Heater
Features
- Bedrooms, Eat-in Kitchen, Family Room, Kitchen, Living Room, See Remarks, Eat-In Kitchen
- Basement: Yes,Finished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: None
Features
- Levels: 3-Three Story
- Stories: 3
- Patio & porch: Patio
- Fencing: Metal Fence
Lot
- Size: 3,049 Square Feet
- Dimensions: 25 x 117.6
Details
- Parcel number: 1614005760000000410000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Asphalt Shingle
Condition
- Year built: 1900
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Available
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector
- Subdivision: North Newark
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $326,500
- Annual tax amount: $13,056
- Date on market: 4/16/2026
- Exclusions: ALL PERSONAL ITEMS
- Total actual rent: 4793
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
$709,900
$674,000 - $745,000
$2,349/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Pending sale | $699,999 |
Source:  GSMLS #4021246 Report a problem | ||
| 4/16/2026 | Listed for sale | $699,999 |
Source: GSMLS #4021246 Report a problem | ||
| 2/2/2026 | Listing removed | $699,999 |
Source:  NJMLS #26002992 Report a problem | ||
| 1/22/2026 | Listed for sale | $699,999+60.6% |
Source: GSMLS #4006391 Report a problem | ||
| 8/3/2020 | Sold | $436,000-2% |
Source: GSMLS #3631753 Report a problem | ||
| 6/6/2020 | Pending sale | $445,000 |
Source: OPTION 1 REALTY GROUP, LLC #3631753 Report a problem | ||
| 5/14/2020 | Price change | $445,000+4.7% |
Source: OPTION 1 REALTY GROUP, LLC #3631753 Report a problem | ||
| 3/15/2020 | Listed for sale | $425,000+46.6% |
Source: OPTION 1 REALTY GROUP, LLC #3631753 Report a problem | ||
| 7/24/2019 | Listing removed | $289,900 |
Source: OPTION 1 REALTY GROUP, LLC #3567802 Report a problem | ||
| 6/21/2019 | Listed for sale | $289,900+34.3% |
Source: OPTION 1 REALTY GROUP, LLC #3567802 Report a problem | ||
| 4/11/2018 | Listing removed | $215,815-4.1% |
Source: Auction.com Report a problem | ||
| 10/19/2016 | Listed for sale | $225,000 |
Source: Keller Williams - Morristown #3283729 Report a problem | ||
| 9/14/2016 | Listing removed | $225,000 |
Source: Keller Williams - Morristown #3283729 Report a problem | ||
| 8/24/2016 | Listed for sale | $225,000-12.5% |
Source: Keller Williams - Morristown #3283729 Report a problem | ||
| 7/14/2015 | Listing removed | $750 |
Source: Regal Property Management - Property # 100772 Report a problem | ||
| 6/2/2015 | Listed for rent | $750 |
Source: Regal Property Management - Property # 100772 Report a problem | ||
| 2/14/2013 | Listing removed | $257,000 |
Source: Elite Realtors of New Jersey #2962826 Report a problem | ||
| 12/11/2012 | Price change | $257,000+17.4% |
Source: Elite Realtors of New Jersey #2962826 Report a problem | ||
| 11/4/2012 | Price change | $219,000-10.6% |
Source: Elite Realtors of New Jersey #2962826 Report a problem | ||
| 8/2/2012 | Listed for sale | $245,000+198.8% |
Source: Owner Report a problem | ||
| 1/26/2012 | Sold | $82,000-8.9% |
Source: GSMLS #2892335 Report a problem | ||
| 10/8/2011 | Listed for sale | $90,000-71.4% |
Source: isNowListed.com Report a problem | ||
| 7/29/2010 | Sold | $315,000+50% |
Source: Public Record Report a problem | ||
| 10/21/2003 | Sold | $210,000+90.9% |
Source: Public Record Report a problem | ||
| 3/12/2003 | Sold | $110,000-10.6% |
Source: Public Record Report a problem | ||
| 1/10/1997 | Sold | $123,000+75.7% |
Source: Public Record Report a problem | ||
| 1/7/1994 | Sold | $70,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,057 +5.2% | $326,500 |
| 2024 | $12,417 +1.8% | $326,500 |
| 2023 | $12,198 +0.1% | $326,500 |
| 2022 | $12,192 +47.8% | $326,500 |
| 2021 | $8,250 +1% | $326,500 +50.4% |
| 2020 | $8,165 +37.4% | $217,100 |
| 2019 | $5,941 | $217,100 |
| 2018 | $5,941 -20.5% | $217,100 |
| 2017 | $7,468 +4% | $217,100 |
| 2016 | $7,184 +6.7% | $217,100 |
| 2015 | $6,732 +5% | $217,100 |
| 2014 | $6,411 -13.9% | $217,100 -3% |
| 2012 | $7,445 +4.7% | $223,700 |
| 2011 | $7,114 +16.1% | $223,700 |
| 2010 | $6,127 +5.4% | $223,700 |
| 2009 | $5,814 +4.4% | $223,700 |
| 2008 | $5,570 | $223,700 |
| 2007 | $5,570 | $223,700 |
| 2006 | -- | $223,700 |
| 2005 | -- | $223,700 |
| 2004 | $4,832 | $223,700 |
| 2003 | -- | $223,700 +2358.2% |
| 2002 | -- | $9,100 |
| 2001 | -- | $9,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: North Broadway
Nearby schools
GreatSchools rating
- 5/10Roberto Clemente Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 8/10Technology High SchoolGrades: 9-12Distance: 0.3 mi
- 1/10Barringer High SchoolGrades: 9-12Distance: 0.7 mi
- $--2 bd1 ba-- sqft299 Summer Ave #2BR, Newark, NJ 07104Off Market
- $--3 bd1 ba-- sqft299 Summer Ave #1BR, Newark, NJ 07104Off Market
- $411,800-- bd-- ba1.3k sqft307 Summer Ave, Newark, NJ 07104Off Market
- $534,7005 bd3 ba2.5k sqft312 Summer Ave, Newark, NJ 07104Off Market
- $656,7005 bd4 ba3.2k sqft311 Summer Ave, Newark, NJ 07104Off Market
- $1,9502 bd1 ba-- sqft311 Summer Ave APT 1, Newark, NJ 07104For Rent
- $--4 bd2 ba-- sqft311 Summer Ave APT 2, Newark, NJ 07104Off Market
- $3,1004 bd2 ba1.3k sqft311 Summer Ave #B, Newark, NJ 07104For Rent
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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- New Jersey
- Essex County
- Newark
- 07104
- North Broadway
- 309 Summer Ave
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