Under contract

$950,000

388 Summer Ave, Newark City, NJ 07104

8beds

--sqft

$6,642/mo

Get pre-qualified

Multi Family

Built in 2026

-- sqft lot

$953,000 Zestimate^®

$--/sqft

$-- HOA

What's special

Modern finishesThoughtful design throughoutQuality craftsmanship

BRAND NEW CONSTRUCTION! Newly built two-family home in Newark featuring a flexible ground-level area with 2 rooms and a full bath. The space offers additional versatility for uses permitted by applicable zoning and occupancy requirements. 3 PARKING SPOTS! Built with attention to quality craftsmanship, modern finishes, and thoughtful design throughout. Ideal for owner-occupants or investors seeking a newly constructed property in a convenient location close to major transportation, shopping, and dining. Come turn this house into a home before someone else does!

33 days
444
21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: See Remarks

Features

Bedrooms, Kitchen, Living/Dining Room
Basement: Yes,Full
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 3
Parking features: See Remarks, Attached Garage
Attached garage spaces: 1
Uncovered spaces: 3

Lot

Size: 3,049 Square Feet
Dimensions: 2831SF

Details

Parcel number: 1614006110000000090001

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: See Remarks

Condition

Year built: 2026

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $26,600
Annual tax amount: $4,886
Date on market: 10/1/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water

Estimated market value

$953,000

$905,000 - $1.00M

$3,310/mo

Price history

Date	Event	Price
10/28/2026	Pending sale	$950,000
Source: GSMLS #4056216 Report a problem
10/1/2026	Listed for sale	$950,000+375%
Source: NJMLS #26037299 Report a problem
6/7/2022	Sold	$200,000+14.3%
Source: Public Record Report a problem
8/21/2003	Sold	$175,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,887 +5.2%	$122,200
2024	$4,647 +0.1%	$122,200
2023	$4,644	$122,200
2022	$4,644	$122,200
2021	$4,644 +1%	$122,200
2020	$4,596 +37.4%	$122,200
2019	$3,344	$122,200
2018	$3,344 -20.5%	$122,200
2017	$4,204 +4%	$122,200
2016	$4,044 +6.7%	$122,200
2015	$3,789 +5%	$122,200
2014	$3,609 -42.6%	$122,200
2013	$6,290 +3.7%	$122,200 -32.9%
2012	$6,064 +4.7%	$182,200
2011	$5,794 +16.1%	$182,200
2010	$4,990 +5.4%	$182,200
2009	$4,735 +4.4%	$182,200
2008	$4,537	$182,200
2007	$4,537	$182,200
2006	--	$182,200
2005	--	$182,200
2004	$3,686	$182,200
2003	--	$182,200 +1759.2%
2002	--	$9,800
2001	--	$9,800