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Three-Unit Residential Property
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337 Summer Avenue, Newark, NJ 07104

Each residence has two bedrooms and one bathroom, with three rear parking spaces serving the building.

Property SizeContact for details
Days on Market3

Property Features for 337 Summer Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi Family 2-4 Units

Site & Location

Neighborhood Mt Pleasant
Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Amenities

Finished basement
Listing Agency: RE/MAX SELECT - Montclair
Listed By: Mariely Montes · License #1754061
Source: Capmarkrealty
Added: Oct 23 Last Checked: Oct 24 at 2:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT - Montclair

Rey
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Investment Insights

Based on property information with market context.

This legal three-family property contains three residences, each configured with two bedrooms and one bathroom. A finished basement adds interior space, and three parking spaces are located at the rear. The building dates to 1865 and is being offered in as-is condition.

Situated in Newark, the property has a Walk Score of 78, a Bike Score of 53, and a Transit Score of 60. Shopping, dining, transportation, and major highways are nearby.

Key Highlights

  • Legal three‑family property with three units
  • Each unit has 2 bedrooms and 1 bathroom
  • Finished basement

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,528
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each residence has two bedrooms and one bathroom, with three rear parking spaces serving the building.
Where is this triplex located?
The property is located at 337 Summer Avenue Newark, NJ.
What are key features of this property?
This property features: Legal three‑family property with three units; Each unit has 2 bedrooms and 1 bathroom; Finished basement
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