Building Details

Year Built 1881

Stories 3

Listing Agency: NJ Metro Group LLC

Listed By: Kevin Collymore · License #305753 Show Phone

Source: Evrealestate

Added: Feb 25 Changed: Aug 31 Last Checked: Sep 2 at 2:08PM

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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 NJ Metro Group LLC

Investment Insights

Based on property information with market context.

This multifamily property is configured as a side-by-side duplex within a three-story structure. Interior features include baseboard heating, natural gas service, a gas water heater, and full walk-out access. Parking is available both on and off the street.

Built in 1881, the property is located on Summer Ave in Newark City, Essex County, with access from Bloomfield Ave via Summer Ave.

Key Highlights

• Side‑by‑side duplex configuration in a three‑story structure
• Built in 1881
• Full walk‑out access

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,341

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Three-story side-by-side duplex with walk-out access and natural gas systems.

Where is this multifamily property located?

The property is located at 366 Summer Ave Newark, NJ.

What is the asking price?

The asking price for this property is $689,000.

What are key features of this property?

This property features: Side‑by‑side duplex configuration in a three‑story structure; Built in 1881; Full walk‑out access