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$605,000
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Property Description
Great Investment Opportunity in the Desirable Forest Hills Section of Newark! This well-maintained two-family home offers both comfort and income potential. The first-floor unit features 2 spacious bedrooms, 1 full bathroom, a large eat-in kitchen, and an open living/dining area perfect for modern living. The second-floor unit offers even more space, with 3 generously sized bedrooms, 1 full bathroom, and a convenient half bath. Both units were tastefully renovated just four years ago and remain in excellent condition. The walk-out finished basement, complete with a full bathroom, provides additional space ideal for storage, recreation, or entertainment. The property also features a convenient garage and ample on-street parking. Each unit is currently rented, making this an ideal opportunity for investors or owner-occupants seeking rental income. Very low taxes. Conveniently located near shops, major highways, Newark Penn Station and downtown, Branch Brook Park, and Newark Airport
Full Property Details
Full Property Details for 418 Summer Ave
General
- Sold For: $605,000
- Taxes: $4,111
- Status: Closed
- Type: Multi-Family
- Source: NJMLS
- MLS ID: 25021092
- Added to Site: 216 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- Area: Newark
- County: ESSEX
Utilities
- Utility Description: Sep Elec, Sep Gas, Sep Heat
Structural Information
- Architectural Style: 2 Family
Financial Considerations
- For Sale: Yes
- For Sale/Rent/Lease: For Sale
- Tax Amount: $4,111
Listed by Rosa Agency Elizabeth, Inc. (908) 289-5200, Nancy Marie Rosa (732) 221-0432
Sold by Outside Office (999) 999-9999, Outside Agent
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Schools
Schools serving 418 Summer Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.3 mi |
Roberto Clemente Elementary School 257 Summer Avenue, Newark, NJ 07104 | K-4 | 0.4 mi |
Luis Munoz Marin Ele 663 Broadway, Newark, NJ 07104 | PK-4 | 0.6 mi |
Elliott Street Elementary School 721 Summer Avenue, Newark, NJ 07104 | K-4 | 0.8 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 0.8 mi |
Franklin Elementary School, Newark, NJ 42 Park Avenue, Newark, NJ 07104 | PK-4 | 0.8 mi |
Ridge Street Elementary School 735 Ridge Street, Newark, NJ 07104 | 5-8 | 0.9 mi |
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107 | 5-8 | 1.1 mi |
McKinley Elementary School, Newark, NJ 1 Colonnade Place, Newark, NJ 07104 | K-4 | 1.2 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 418 Summer Ave
Date
Details
Price
Change
Source
8/12/2025
Sold
$605,000
4.49%
MLS
6/17/2025
Listed
$579,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
418 Summer Avenue, Newark, NJ 07104 (MLS# 25021092) is a Multi-Family property that was sold at $605,000 on August 12, 2025. Want to learn more about 418 Summer Avenue? 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.

