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Newly Built Duplex with Lower-Level Space
New
For Sale
$950,000

388 Summer Ave, Newark, NJ 07104

The two-family property includes a ground-floor area with two rooms and a full bath.

Property SizeContact for details
Days on Market5

Property Features for 388 Summer Ave

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Multi Family

Additional Details

Public Transit Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,886

Building Details

Year Built 2026
Units 2
Listing Agency: NJ Metro Group LLC
Listed By: BRENDAN DASILVA · License #1753996
Source: Elliman
Added: Oct 2 Changed: Oct 3 Last Checked: Oct 5 at 6:52PM

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.

Completed in 2026, this two-family property at 388 Summer Ave in Newark includes a ground-level area configured with two rooms and a full bath. The layout also provides three parking spaces. Any use of the lower-level rooms remains subject to applicable zoning and occupancy requirements.

The property has a Bike Score of 53, a Walk Score of 78, and a Transit Score of 60.

Key Highlights

  • Two‑family property completed in 2026
  • Ground‑level area with 2 rooms and a full bath
  • 3 parking spaces

Property Analytics

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Current Use

Duplexes

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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,341
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
View Realmo Analytics

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?
Duplex - The two-family property includes a ground-floor area with two rooms and a full bath.
Where is this duplex located?
The property is located at 388 Summer Ave Newark, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑family property completed in 2026; Ground‑level area with 2 rooms and a full bath; 3 parking spaces
More about this property
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