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  • $499,000

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

    4beds
    2,200sqft
    : 
    $3,453/mo
    Get pre-qualified
    Multi Family
    Built in 1935
    -- sqft lot
    $-- Zestimate®
    $227/sqft
    $-- HOA

    What's special

    Updated kitchenRenovated bathroomNew boiler
    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*
    11 days
    387
    23

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Boutros 908-913-8708,

    Exp Realty, Llc

    Source: GSMLS,MLS#: 4061372MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2.1
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Heating
      • 2 Units, Radiators - Steam, Natural Gas
      Cooling
      • 2 Units, Window Unit(s)
      Appliances
      • Included: Range/Oven - Gas, Refrigerator
      Features
      • Bedrooms, Eat-in Kitchen, Kitchen, Living Room, Eat-In Kitchen
      • Basement: Yes,Finished,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 2,200
      • Total interior livable area: 2,200 sqft

      Property

      Parking
      • Parking features: Off Street
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 1,306 Square Feet
      • Dimensions: 15 x 100
      Details
      • Parcel number: 1614004850000000700000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding
      • Roof: Asphalt Shingle
      Condition
      • Year built: 1935
      • Major remodel year: 2021

      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

      • Price per square foot: $227/sqft
      • Tax assessed value: $292,000
      • Annual tax amount: $11,677
      • Date on market: 10/27/2026
      • Total actual rent: 3450
      • Tenant pays: Electricity, Tenant Pays Electric

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/27/2026Listed for sale$499,000+17.4%$227/sqft
        Source: NJMLS #26039765 Report a problem
        7/27/2021Sold$425,000-0.2%$193/sqft
        Source: Agent Provided Report a problem
        5/7/2021Listed for sale$426,000+326%$194/sqft
        Source: New Jersey Multiple Listing Service, Inc #21017247 Report a problem
        7/1/2015Sold$100,000$45/sqft
        Source: GSMLS #3193029 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: Seventh Avenue

        Getting around

        91 / 100
        Walker's Paradise
        77 / 100
        Excellent Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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