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$699,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 6 days ago
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Prime Newark Investment Opportunity Welcome to 309 Summer Avenue, a well-located three-family property offering strong upside and long-term value in the heart of Newark. This income-producing asset features three separate units, totaling 6 bedrooms and 4 bathrooms, making it ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental income.Each unit offers functional layouts with generous living space, providing flexibility for tenants and consistent rental demand. The property is situated on a highly accessible corridor near public transportation, major highways, schools, shopping, and local amenities. This is an attractive location that supports strong occupancy and appreciation potential.Whether you're expanding your portfolio or seeking a smart house-hack opportunity, this home delivers on location, unit mix, and income potential. A solid addition to any real estate strategy in one of Newark's most convenient neighborhoods.

Full Property Details for 309 Summer Ave

General

  • Price: $699,999
  • Taxes: $12,416 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4006391
  • Updated: 1/22/2026
  • Added to Site: 6 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Exterior

  • Exterior Features: Metal Fence, Patio

Parking

  • Garage Description: None

Location

  • County: Essex
  • Subdivision: North Newark
  • Driving Directions: GPS DIRECTLY TO 309 SUMMER AVE NEWARK, NJ

Heating & Cooling

  • Cooling Type: Window A/C(s)
  • Heating Type: Baseboard - Hotwater
  • Heating Fuel: Natural Gas
  • Water Heater: Gas

Utilities

  • Sewer: Public Available
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Stucco
  • Basement: Yes
  • Basement Desc.: Finished
  • Roof: Asphalt Shingles
  • Year Built: 1900

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Family Room, Kitchen, Living Room, See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room, See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room, See Remarks
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 25 x 117.6
  • Driveway/Sidewalk: None

Financial Considerations

  • Assessment Amount: $298,800
  • Land Assmt: $27,700
  • Tax Amount: $12,416
  • Tax Year: 2024

Disclosures and Reports

  • Exclusions: ALL PERSONAL ITEMS
  • Disclosures: Yes
  • Block: 576
  • Lot Number: 41

Listed by Lifestyle International Realty

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Listing agent

— 309 Summer Ave —

  • Lifestyle International Realty

862-872-8043

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 309 Summer Ave

School District:Newark City School District
NameGradesDistance
Roberto Clemente Elementary School
257 Summer Avenue, Newark, NJ 07104
K-40.1 mi
Rafael Hernandez Elementary School
345 Broadway, Newark, NJ 07104
PK-40.2 mi
Abington Ave. Elementary School
209 Abington Avenue, Newark, NJ 07107
PK-80.8 mi
Technology High School
223 Broadway, Newark, NJ 07102
9-120.3 mi
Barringer High School
90 Parker Street, Newark, NJ 07104
9-120.7 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-122.2 mi
Luis Munoz Marin Ele
663 Broadway, Newark, NJ 07104
PK-40.8 mi
First Avenue Elementary School
214 1st Avenue, Newark, NJ 07107
5-80.8 mi
Dr. William H. Horton Elementary School
291 North 7th Street, Newark, NJ 07107
5-80.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 309 Summer Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/22/2026
Listed
$699,999
60.55%
MLS
7/23/2020
Sold
$436,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 309 Summer Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,417
2%
$326,500
—
2022
$12,198
—
$326,500
—
2021
$12,192
50%
$326,500
50%
2021
$8,152
—
$217,100
—
2019
$8,165
2%
$217,100
—
2018
$8,018
4%
$217,100
—
2017
$7,729
3%
$217,100
—
2016
$7,468
4%
$217,100
—
2015
$7,184
7%
$217,100
—
2014
$6,732
—
$217,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 309 Summer Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Lifestyle International Realty

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309 Summer Ave, Newark, NJ 07104 (MLS# 4006391) is a Multi-Family property with 3 units containing 6 bedrooms and 4 full bathrooms. 309 Summer Ave is currently listed for $699,999 and was received on January 22, 2026. Want to learn more about 309 Summer Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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