32
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$699,999
Est. payment /mo
6 Beds
4 Baths
3,049 Sqft Lot
New
309 Summer Ave Newark City, NJ 07104
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Subdivision North Newark
MLS Listing ID 4006391
Style 3-Three Story
Bedrooms 6
Full Baths 4
Year Built 1900
Annual Tax Amount $12,416
Tax Year 2024
Lot Size 3,049 Sqft
Property Description
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.
Location
State NJ
County Essex
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Stucco
Parking Features None
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Sewer Public Available
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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