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Brick Duplex with In-Unit Laundry

427 Summer Ave, Newark, NJ 07104

For Sale
New
$600,000

Two residences provide six bedrooms, shared outdoor amenities, and convenient access to regional transportation.

Property SizeContact for details
Days on Market6

Property Features for 427 Summer Ave

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multi Family

Site & Location

Neighborhood North Broadway
Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,282

Amenities

in-unit laundry
gas heat
central AC
paver patio
fenced yard

Building Details

Year Built 2000
Buildings 1
Units 2
Construction brick
Listing Agency: THE REAL ESTATE COMPANY
Listed By: NEVILLE PARMAR · License NJ #398060
Source: Elliman
Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 5:52AM

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 THE REAL ESTATE COMPANY

Rey
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Investment Insights

Based on property information with market context.

This two-family brick home was built in 2000 and contains six bedrooms and three baths across its two units. Each residence has in-unit laundry. Gas heating and central air conditioning serve the property, while a one-car garage provides covered parking. Outdoor features include a paver patio and a fenced yard.

The property is in Newark, with highway access and NJ Transit nearby. Its walk score is 78, its transit score is 60, and its bike score is 53.

Key Highlights

  • Two‑family brick property built in 2000
  • Six bedrooms and three baths across two units
  • In‑unit laundry in both residences

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

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
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Market

Average Price Trend$/SF for Duplexes in Newark, NJ

$329 Jul
$288 Aug
$231 Sep
$236 Oct

Properties on Market for Duplexes in Newark

Jul
Aug
Sep
Oct

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?
Duplex - Two residences provide six bedrooms, shared outdoor amenities, and convenient access to regional transportation.
Where is this duplex located?
The property is located at 427 Summer Ave Newark, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑family brick property built in 2000; Six bedrooms and three baths across two units; In‑unit laundry in both residences
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