Building Details

Stories 3

Units 7

Listing Agency: Auctionadvisors

Listed By: Oren Klein Show Phone

Source: Betterhomerealestate

Added: Jun 15 Changed: Sep 8 Last Checked: Aug 25 at 9:10AM

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Investment Insights

Based on property information with market context.

This for-sale multifamily property is being offered through a receivership auction. It falls within the category of other multifamily and residential income properties.

The property is located at 712 Summer Avenue, Newark, NJ 07104. Details regarding unit mix, interior condition, or operating history are not provided in the available materials.

Interested buyers and brokers should review the auction terms and any receiver-provided documents to confirm the property’s configuration and requirements before bidding.

Key Highlights

• Multifamily property for sale via receivership auction
• Offered in Newark, NJ

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Accounting Firm

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

1,281

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - For-sale multifamily property offered via receivership auction in Newark, NJ.

Where is this multifamily property located?

The property is located at 712 Summer Ave Newark, NJ.

What is the asking price?

The asking price for this property is $1,049,000.

What are key features of this property?

This property features: Multifamily property for sale via receivership auction; Offered in Newark, NJ