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    219 Summer Ave Newark, NJ 07104

    • Apartment buildings
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 219 Summer Ave

    Year built
    2014
    Lot size
    0.17 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional multifamily property, located at 219 Summer Avenue, Unit 219 in Newark, NJ, presents a lucrative investment opportunity. Built in 2014, this well-maintained building boasts nine spacious apartments, offering a diverse mix of floor plans to cater to a wide range of tenants. The unit configuration includes one one-bedroom, one-bathroom apartment

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1713
    Latitude
    40.7592

    Comparable in this City

    • Value Estimation by Request
      5,887 SF

      383 Mount Prospect Ave

      Multifamily properties • 5,887 SF
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    • Value Estimation by Request
      9,000 SF

      219 Mount Prospect Ave

      Multifamily properties • 9,000 SF
      219 Mount Prospect Ave, Newark, NJ 07104
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    • Value Estimation by Request
      6.11 Acres

      23 Clifton Ave, Unit 59

      APARTMENT HOUSE (UNDER 5 UNITS) • 6.11 Acres
      23 Clifton Ave, Newark, NJ 07104-1812
      View Details
    • Value Estimation by Request
      0.29 Acres

      324-326 Mt Prospect Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.29 Acres
      324-326 Mt Prospect Ave, Newark, NJ 07104
      View Details
    • Value Estimation by Request
      0.66 Acres

      417 Mt Prospect Ave, Unit 427

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.66 Acres
      417 Mt Prospect Ave, Newark, NJ 07104-5799
      View Details
    • Value Estimation by Request
      1.52 Acres

      509 Mt Prospect Ave, Unit 519

      APARTMENT HOUSE (UNDER 5 UNITS) • 1.52 Acres
      509 Mt Prospect Ave, Newark, NJ 07104-2903
      View Details

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    219 Summer Ave
    Newark, NJ 07104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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