366 Summer Ave
Newark City, NJ 07104
Price: $699,999
GSMLS: 3996066Type: Multi-Family
Style: 3-Three Story, Duplex-Side by Side
Total Units: 3
Beds: 6
Baths: 3 Full
Garage: No
Year Built: 1881
Acres: 0.10
Property Tax: $8,381
Description
Fantastic Owner-occupant Or Investor Opportunity! Discover This Well-maintained 3-family Property Offering Strong Rental Potential And Long-term Value. Ideally Located Near Transportation, Shopping, Schools, And Houses Of Worship, This Property Delivers Both Convenience And Growth Opportunity. Each Apartment Features Updated Kitchens And Modernized Baths, With Separate Utilities Tenants Pay Their Own Gas, Heat, And Electric Keeping Operating Costs Low. The Recently Redone Basement And Plumbing Add Peace Of Mind And Functionality. Large Double Back Lot Provides Ample Off-street Parking Or Potential For A Future Build Or Subdivision (variance Required), Offering Excellent Upside For Investors Or Developers. With Low Taxes, No Oil Tank On The Property, And Solid Existing Condition, This Home Is Truly Turnkey And Ready To Go.
General Info
Style:
3-Three Story, Duplex-Side by Side
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Full, Slab, Walkout
Interior:
n/a
Roof:
Asphalt Shingle, Composition Shingle
Exterior:
Brick, Vinyl Siding
Lot Size:
25X180
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Non-Surfaced, Off-Street Parking, On-Street Parking
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Family Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,RgOvGas,Refrig,SmokeDet
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Family Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,RgOvGas,Refrig,SmokeDet
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Family Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,RgOvGas,Refrig,SmokeDet
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$699,999
Tax Amount:
$8,381
Land Assessment:
$28,700
Build. Assessment:
$191,700
Total Assessment:
$220,400
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3996066
List Date:
11-04-2025
Days On Market:
2
Listing Broker:
KELLER WILLIAMS - NJ METRO GROUP
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BoulderRidgeNJ.com
