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    440 Summer Ave Newark, NJ 07104

    New
    For Sale
    $599,000

    MULTI_FAMILY - Newark, NJ

    Property size:
    3,732 SF
    Lot size:
    0.16 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 9 at 10:06 am

    Property Features for 440 Summer Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 6, Basement, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    8
    Bathrooms
    3
    APN
    14-00625-0000-00011
    Basement
    Full
    Size
    3,732 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2

    C21/ Thomson & Co. (732) 945-7035

    Listing agent Kyle Golden (732) 945-7035

    Listing date Dec 9, 2025

    MLS# 22536382 Listing URL

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Newark Multi-Family Home

    This fully renovated 2-family home in Newark presents an investment opportunity. The property features 8 bedrooms and 2 bathrooms. It includes 2 separate driveways, a carport, and 3 garages. The property is located on a street with access to major highways and public transportation, facilitating commutes to New York City and other destinations. The property has a size of 3732 square feet and sits on a lot of 0.16 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.168209
    Latitude
    40.766879

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    FAQs

    What type of property is this?
    Duplex - Fully renovated, vacant 2-family home with high rental potential.
    Where is this duplex located?
    The property is located at 440 Summer Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Fully Vacant & Renovated 2-Family Home: **Turnkey investment opportunity ready for immediate occupancy and rental income.**; - High Rental Potential: Ideal for long-term tenants or house hacking, maximizing cash flow.; - Prime Location: Close to major highways and public transportation, offering easy commutes to NYC.
    (732) 945-7035
    Request Owner's contact information
    440 Summer Ave Newark, NJ 07104
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    Newark, NJ 07104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    440 Summer Ave Newark, NJ 07104
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