#24024167, Paul Montalbano, Listing Office: Coldwell Banker, Fort Lee
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
- MLS Number: 3930407
- Office Name: REAL
- Office Phone: (347) 439-1807
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Last updated on: 4/12/2025, 7:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$748,888
368 Summer Ave
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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. Most residents in this area 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
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 25.1% between February and March 2025. The median list price of listings available in March 2025 was $489,068, while the average time on the real estate market was 95 days.
From Rocket Homes Real Estate and based on county public records data.