Newark Multifamily Investment
219 Summer Ave Newark, NJ 07104
219 Summer Ave, Newark, NJ, 07104
$2,650,000
For Sale
$2,650,000
Nine-unit multifamily property in Newark's North Ward with strong occupancy.
Days on Market421
Property Features for 219 Summer Ave
General Information
- Standard status
- Active
Building Details
- Year Built
- 2014
Listing agency
KELLER WILLIAMS PROSPERITY REALTY
(973) 696-0077
Listed by
ERIC JON MELNIKOFF · License #277525
Source
Corcoran
Added: May 27, 2025 Updated: Mar 16 at 9:09AM Checked: Mar 16 at 9:09AM
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Investment Insights
Based on property information with market context.
This is a stabilized nine-unit multifamily property located in the growing North Ward of Newark, New Jersey. Constructed in 2014, the property features modern layouts and requires minimal deferred maintenance. The building maintains a strong tenant mix and consistent occupancy. A rare amenity for this submarket, the property includes 10 private parking spots. The property is positioned for cash flow with in-place income and potential for upside through rent optimization. Utilities are individually metered, and the structure is low-maintenance. The property is intended for investment purposes.
Key Highlights
- Stabilized 9‑unit asset in Newark's growing North Ward.
- Trading at a true 6.5% cap rate, positioned for cash flow from Day 1.
- Built in 2014 with modern layouts and minimal deferred maintenance.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property in Newark's North Ward with strong occupancy.
Where is this apartment building located?
The property is located at 219 Summer Ave Newark, NJ.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Stabilized 9‑unit asset in Newark's growing North Ward.; Trading at a true 6.5% cap rate, positioned for cash flow from Day 1.; Built in 2014 with modern layouts and minimal deferred maintenance.
