5 days on Rocket
#3977750, Listing office: WEICHERT REALTORS
$579,000 List price
418 Summer Ave Newark City, NJ 07104
5 beds
3 full, 1 partial
0.04 acres
Multi-Family
Property details
About 418 Summer Ave
Great Investment Opportunity in the Desirable Forest Hills Section of Newark! This well-maintained two-family home offers both comfort and income potential. The first-floor unit features 2 spacious bedrooms, 1 full bathroom, a large eat-in kitchen, and an open living/dining area perfect for modern living. The second-floor unit offers even more space, with 3 generously sized bedrooms, 1 full bathroom, and a convenient half bath. Both units were tastefully renovated just four years ago and remain in excellent condition. The walk- out finished basement, complete with a full bathroom, provides additional space ideal for storage, recreation, or entertainment. The property also features a convenient garage and ample on-street parking. Each unit is currently rented, making this an ideal opportunity for investors or owner-occupants seeking rental income. Very low taxes. Conveniently located near shops, major highways, Newark Penn Station and downtown, Branch Brook Park and Newark International Airport only 7 miles away. Don't miss your chance to own a turnkey property in one of Newark's most sought-after neighborhoods!
Highlights
Home typeMulti Family
HeatingMulti Unit(s), Natural Gas
StatusSale Pending
(Under Contract)
(Under Contract)
BasementYes
Lot size0.04 Acres
Year built1910
ParkingAdditional Parking, Carport-Detached
MLS #3969928
Garage1 space
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Dishwasher
- Basement: Yes
- Interior: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
- Total Bedroom Count: 5
- Garage Space: 1 space
- Parking: Additional Parking, Carport-Detached
- Architectural Style: Duplex-Side by Side
- Heating: Multi Unit(s), Natural Gas
- List Price: $579,000
- Lot: Level
- Directions: Broadway Ave. to 2nd. Ave. to Summer Ave.
- Year Built: 1910
- Lot Size: 0.04 Acres
- MLS Number: 3969928
- Office Name: ROSA AGENCY
- Office Phone: (908) 289-5200
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Last updated on: 8/1/2025, 2:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
4
Roberto Clemente Elementary School
Public District PK-4
0.4 mi
•257 Summer Ave
3
Elliott Street Elementary School
Public District PK-4
0.8 mi
•721 Summer Ave
3
Garfield Elementary School
Public District KG-6
0.8 mi
•360 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. Residents of Newark City, NJ typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
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 418 Summer Ave
The listing price of 418 Summer Ave property is $579,000.
The property 418 Summer Ave is a multi located in Newark City, New Jersey, 07104.
Sale Pending: 418 Summer Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 418 Summer Ave are: Roberto Clemente Elementary School (GreatSchools Rating 4/10), Elliott Street Elementary School (GreatSchools Rating 3/10), Garfield Elementary School (GreatSchools Rating 3/10), Robert Treat Academy Charter School (GreatSchools Rating 8/10), Rafael Hernandez Elementary School (GreatSchools Rating 3/10), 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 year of construction for 418 Summer Ave is 1910.
This home is located at 418 Summer Ave in Newark City, NJ and zip code 07104 in the North Ward neighborhood. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $579,000.
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.