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*
Active
$499,000
72 1/2 Summer Ave, Newark City, NJ 07104
4beds
2,200sqft
Multi Family
Built in 1935
-- sqft lot
$-- Zestimate®
$227/sqft
$-- HOA
What's special
Updated kitchenRenovated bathroomNew boiler
- 11 days
- 385
- 21
Zillow last checked:
Listing updated:
Listed by:
Peter Boutros 908-913-8708,
Exp Realty, Llc
Source: GSMLS,MLS#: 4061372
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
| Date | Event | Price |
|---|---|---|
| 10/27/2026 | Listed for sale | $499,000+17.4%$227/sqft |
Source: | ||
| 7/27/2021 | Sold | $425,000-0.2%$193/sqft |
Source: Agent Provided Report a problem | ||
| 5/7/2021 | Listed for sale | $426,000+326%$194/sqft |
Source: | ||
| 7/1/2015 | Sold | $100,000$45/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






