$699,999

309 Summer Ave, Newark City, NJ 07104

  • 6 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 16 days ago

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.

Listing Status:
Active
Data Last Updated:
February 7, 2026 at 9:40PM
Listing Office:
LIFESTYLE INTERNATIONAL REALTY : 201-559-5770
MLS ID:
4006391
  • Basement: Finished
  • A/C: Window A/C(s)
  • Heating: Baseboard - HotwaterGas-Natural
  • General: StuccoMetal FencePatio
  • Parking: Parking spaces: 0
  • Roofing: Asphalt Shingle
  • County: Essex
  • Driveway: None
  • Zoning: 1614-00576-0000-00041-0000-
  • Utilities: ElectricGas-Natural
  • Water: Public Water
  • Sewer: Public Available
  • Exclusions: ALL PERSONAL ITEMS

Presented by Veterans United Realty

This listing courtesy of LIFESTYLE INTERNATIONAL REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

R

Roberto Clemente Elementary School

257 Summer Ave, Newark, NJ, 07104

Grades PK-4

0.12 miles away

R

Rafael Hernandez Elementary School

345 Broadway, Newark, NJ, 07104

Grades PK-8

0.16 miles away

T

Technology High School

223 Broadway, Newark, NJ, 07104

Grades 9-12

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby