6 days on Rocket
#25025371, Jamille M. Hernandez, Listing office: 3Sixty Realty
Property details
About 368 Summer Ave
Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!
Highlights
Home typeVacant Land
StatusActive
Lot size0.1 Acres
MLS #3930407
Summary
- List Price: $748,888
- Directions: Bloomfield Ave to Summer Ave Rt 21 South to Exit 4
- Lot Size: 0.1 Acres
- MLS Number: 3930407
- Office Name: REAL
- Office Phone: (347) 439-1807
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Price information
Property sales
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Tax history
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Nearby schools
4
Roberto Clemente Elementary School
Public District PK-4
0.3 mi
•257 Summer Ave
4
Franklin Elementary School
Public District PK-4
0.7 mi
•42 Park Ave
5
Washington Elementary School
Public District KG-6
0.8 mi
•80 Belgrove Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,052. Most Newark City, NJ residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
45%
<35k
46%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
29%
Single, with Kids
13%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
8%
12-17 yrs old
27%
18-34 yrs old
38%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Burlington
H&M
Where do the neighbors go to eat?
Little Caesars
White Castle
Boston Market
What do the neighbors drive?
Dodge
Kia
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 368 Summer Ave
The listing price of 368 Summer Ave property is $748,888.
The property 368 Summer Ave is land located in Newark City, New Jersey, 07104.
Active Listing: 368 Summer Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 368 Summer Ave are: Roberto Clemente Elementary School (GreatSchools Rating 4/10), Franklin Elementary School (GreatSchools Rating 4/10), Washington Elementary School (GreatSchools Rating 5/10), Rafael Hernandez Elementary School (GreatSchools Rating 3/10), Robert Treat Academy Charter School (GreatSchools Rating 8/10), Luis Munoz Marin Elementary School (GreatSchools Rating 4/10), Technology High School (GreatSchools Rating 8/10), Barringer High School (GreatSchools Rating 1/10), Kearny High School (GreatSchools Rating 3/10).
The property 368 Summer Ave is 0.1 acres.
This home is located at 368 Summer Ave in Newark City, NJ and zip code 07104 in the North Ward neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $748,888.
The number of listings in Newark City, NJ increased by 29.7% between May and June 2025. In June 2025, listings were on the market for 90 days. During the same period, the median list price in this real estate market was $499,000.
From Rocket Homes Real Estate and based on county public records data.