Two-Unit Mixed-Use
For Sale
$649,500
199 Summer Ave, Newark, NJ 07104
Multi-Family, 2-Two Story, Newark City, NJ
Property SizeContact for details
Lot Size0.06 Acres
Days on Market139
Property Features for 199 Summer Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Basement, Bedroom 4, Bedroom 3
Directions
Summer Ave. Between Taylor & Kearny St.
Standard status
Active
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9573
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Flat
Architectural style
Other
Buildings
1
Listing Agency:
RE/MAX PROFESSIONALS I · RE/MAX International
(973) 450-4000
Listed By:
JEANETTE RODRIGUEZ
(973) 418-0425
Added: Jun 8
Changed: Oct 24
Last Checked: Oct 24 at 9:06PM
MLS# 4032954
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property in Newark combines a street-level commercial space with a residential unit above. The commercial portion is occupied by a neighborhood grocery tenant under a lease with 12 years remaining and 3% annual rent increases; the business itself is not included in the sale. The residence includes four bedrooms, one full bathroom, and a den or office, and is leased month to month.
Built in 1920 on a 0.06-acre lot, the property has a flat roof, baseboard and hot-water heating, public water, and public sewer. Its placement on a busy street provides visibility and access to nearby shopping, public transportation, local amenities, and major highways.
Built in 1920 on a 0.06-acre lot, the property has a flat roof, baseboard and hot-water heating, public water, and public sewer. Its placement on a busy street provides visibility and access to nearby shopping, public transportation, local amenities, and major highways.
Key Highlights
- Two‑unit mixed‑use building with commercial and residential components
- Ground‑floor grocery tenant has 12 years remaining on the lease
- Commercial lease includes 3% annual rent increases
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,677
Businesses Nearby
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Business Placement
Demographics for 07104, NJ
54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor grocery retail space is paired with a four-bedroom residence offering flexible month-to-month occupancy.
Where is this mixed-use property located?
The property is located at 199 Summer Ave Newark, NJ.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: Two‑unit mixed‑use building with commercial and residential components; Ground‑floor grocery tenant has 12 years remaining on the lease; Commercial lease includes 3% annual rent increases
