345 Summer Ave, Newark City, NJ 07104
Essex County
Key Facts
Description
Exceptional Investment Opportunity!!! " Extra income for backyard driveway. Introducing a beautifully renovated Multi-3 UNIT & 3 level home. home & offering refined living spaces and outstanding income potential. This exceptional property blends modern updates with generous layouts, making it a rare find for discerning investors. 1st Residence:Features a stylish eat-in kitchen complemented by a separate formal dining area, spacious bedrooms, a full bath, and an open living rm/din room layout designed for comfortable living and entertaining. 2nd-Level Residence: Boasts 2 private entrances, an elegant eat-in kitchen with a dedicated dining area, well-appointed bedrooms 2 BedRms , a full bath, and a bright living room/dining room combination ideal for flexible occupancy or premium rental appeal. Additional Living Spaces: Fully finished attic offering a private room (BedRoom) and full bath, with upscale bonus space. Finished lower-level bonus unit with two rooms or BedRooms, stall bath, and laundry hookups (stackable washer/dryer not included). Efficient baseboard heating (Gas) throughout..Exterior & Parking:Private rear driveway with off-street parking enhances convenience and exclusivity.Offered Sold As-Is with No known issues. Per Seller. A meticulously updated property where quality craftsmanship and thoughtful design are evident throughout. The photos speak for themselves. This home is a must-see opportunity. SO MUCH MORE!!! Will be delivered Vacant
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
3-Three Story / See Remarks
Stories
3
Living Area
2,040 sq ft
Lot Size
0.06 acres
Days on Market
144
MLS® Listing#
4009158
Property Features
Interior
Heating
Flooring
Basement
Construction
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$5,118
Tax year 2024
Assessed Value
$134,600
Parcel Number
1614-00576-0000-00059-0000-
Directions
Between Broadway and Mount Prospect off of 2nd Avenue
Affordability Calculator
$182,000
Estimated monthly payment
$4,843/mo
Principal $728,000 · Est. interest $1,015,625 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,173
- Median Listing Price
- 49
- Median Days on Market
- 1,400
- Median Sq Ft
- $401
- Median Price / Sq Ft
- 3,191
- Active Listings
- This home’s price is 48% above the area median.
- Its price per sq ft is 11% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Rafael Hernandez Elementary School
Elementary · 0.2 mi away
Ridge Street Early Childhood Center
School · 0.2 mi away
Robert Treat Academy Charter School
Elementary · 0.2 mi away
Roberto Clemente Elementary School
Elementary · 0.2 mi away
Marion Bolden Student Center
School · 0.3 mi away
Branch Brook School
School · 0.4 mi away
Technology High School
Secondary · 0.4 mi away
Saint Michael Catholic School
Elementary · 0.5 mi away
Franklin Elementary School
Elementary · 0.6 mi away
Barringer High School
Secondary · 0.7 mi away
First Avenue Elementary School
Elementary · 0.7 mi away
Washington Elementary School
Elementary · 0.8 mi away
First Avenue Public School
School · 0.8 mi away
Luis Munoz Marin School
Elementary · 0.8 mi away
Christ the King Preparatory School
School · 0.8 mi away
Essex County Day Training Center
Secondary · 0.8 mi away
Abington Avenue School
Elementary · 0.8 mi away
Our Lady of Good Counsel Church
School · 0.8 mi away
Barringer 9th Grade Success Academy
School · 0.8 mi away
Newark School of Global Studies
Secondary · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 296 Woodside Ave, Newark City, NJ | $639,000 | 8 | 4 | 4,000 |
| 98 W 49Th St, Bayonne City, NJ | $639,000 | 5 | 2 | — |
| 115 Madison Ave, Elizabeth City, NJ | $639,900 | 5 | 3 | — |
| 81 Westfield Ave, Elizabeth City, NJ | $639,900 | 6 | 2 | — |
| 45 N 18Th St, East Orange City, NJ | $640,000 | 5 | 3 | — |
| 447 S 9Th St, Newark City, NJ | $640,000 | 6 | 4 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: REALTY EXECUTIVES EXCEPTIONAL - 9736968800