464-466 SUMMER AVE Unit 0, Newark, NJ 07104
Commercial boarding house with 15 rentable units and month-to-month tenancies, offered as-is for investors.
- Added:
- Mar 31, 2026
- Days on Market:
- 80
- Last Refresh:
- Jun 15 at 3:29 am
Property Features for 464-466 SUMMER AVE Unit 0
General Information
- Standard status
- Active
- Size
- 3,516 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1910
Listing agent BRENDAN DASILVA License #1753996 (862) 213-0008
Listing office KELLER WILLIAMS - NJ METRO GROUP (862) 213-0008
Listing date Mar 31, 2026
Source Xome
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 KELLER WILLIAMS - NJ METRO GROUP
HighLights
- Income‑producing commercial boarding house with 15 rentable units
- All tenancies are month‑to‑month
- 20 parking spaces
- Lot dimensions: 60' x 220' and 60' x 220'
- Year built: 1910
- Window air conditioning with heating listed as 3
Overview
The property is located in the northern section of Newark. It offers convenient access to major transportation routes and public transit, along with proximity to shopping and local amenities. The listing also notes easy access to highways and nearby business districts.
For investors, this multifamily asset may fit buyers seeking a flexible occupancy structure through month-to-month tenancies and an opportunity to manage and reposition the property within the constraints of an as-is sale. Interested parties should review the rent roll and income/expense details upon request and plan for any municipal requirements and repairs needed after closing.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.5k | $30.00 |
| − Vacancy | −$5.4k | −$1.53 |
| EGI | $100.1k | $28.47 |
| − OpEx | −$45.0k | −$12.81 |
| NOI | $55.1k | $15.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1673858
- Latitude
- 40.7676714
