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Two-Unit Duplex with Walk-Out Basement

72 Summer Ave, Newark, NJ 07104

For Sale
$500,000

Each residence includes a den in addition to its two-bedroom, one-bathroom layout.

Property SizeContact for details
Days on Market28

Property Features for 72 Summer Ave

General Information

Standard status Active
Property subtype Multi Family Home

Site & Location

Neighborhood Mt Pleasant

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Building Details

Year Built 1940
Units 2
Listing Agency: World Class Realty Group
Listed By: Melissa Ceballos
Source: Culturaunitedrealty
Added: Oct 13 Changed: Nov 7 Last Checked: Nov 9 at 12:04PM

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 World Class Realty Group

Rey
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Investment Insights

Based on property information with market context.

Built in 1940, this duplex contains two residences, each configured with two bedrooms, one full bathroom, and a den. A walk-out basement provides additional space with direct outdoor access.

Key Highlights

  • Two residences, each with 2 bedrooms, 1 full bathroom, and a den
  • Walk‑out basement with outdoor access
  • Built in 1940

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,962
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
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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 - Each residence includes a den in addition to its two-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 72 Summer Ave Newark, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 full bathroom, and a den; Walk‑out basement with outdoor access; Built in 1940
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