Date
Details
Price
Change
Source
5/06/2026
Listed
$900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/21
$900,000
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1/21
Property Description
Income-producing commercial boarding house located in the Northern section of Newark. This property features 15 rentable units, offering strong cash flow potential for investors. All tenancies are currently month-to-month, providing flexibility for repositioning or future rent adjustments. Rent roll and income/expense details available upon request. Property is being sold strictly AS-IS. Buyer is responsible for all municipal inspections, certifications, and any required repairs. Conveniently located near major transportation routes, public transit, shopping, and local amenities, with easy access to highways and nearby business districts. Excellent opportunity for investors seeking a value-add or income-generating asset in a high-demand rental market.
Full Property Details
Full Property Details for 464-466 Summer Ave
General
- Price: $900,000
- Taxes: $9,285 (2025)
- Status: Active
- Type: Apartment
- Source: Garden_State
- MLS ID: 4025818
- Updated: 5/6/2026
- Added to Site: 8 day(s) ago
Business
- Includes: See Remarks
Rooms
Bathrooms
- Total Bathrooms: 15
- Restrooms: 10
Additional Information
- Equipment: Kitchen Area
Parking
- Garage Spaces: 1
- Total Spaces: 20
- Parking: Blacktop
Location
- County: Essex
- Driving Directions: Google Maps
- Location Details: Residential Area
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Radiators - Steam
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Construction: See Remarks
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: See Remarks
- Ceiling Height: 17
- Door Dimensions: 15
- Square Feet: 3,516
- Aprox. Leasable: 3,516 Sq. Ft.
- Year Built: 1910
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
- Units w/Full Bath: 15
Lot Features
- Lot Size (Acres): 0.3
- Lot Size: 60X220
- Zoning: Residential
Financial Considerations
- Price Per Sq. Ft.: $255
- Assessment Amount: $232,200
- Land Assmt: $46,000
- Tax Amount: $9,285
- Tax Year: 2025
- Tenant Pays: Electric, Gas, Heat, Hot Water, Water
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 1614-00625-0000-00028-0000-
- Block: 625
- Lot Number: 28
Listed by Keller Williams - Nj Metro Group
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Listing agent
— 464-466 Summer Ave —
Keller Williams - Nj Metro Group
973-783-7400
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 464-466 Summer Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.4 mi |
Luis Munoz Marin Ele 663 Broadway, Newark, NJ 07104 | PK-4 | 0.5 mi |
Roberto Clemente Elementary School 257 Summer Avenue, Newark, NJ 07104 | K-4 | 0.5 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 0.7 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 1.1 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 2.6 mi |
Abington Ave. Elementary School 209 Abington Avenue, Newark, NJ 07107 | PK-8 | 0.7 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 0.8 mi |
Ridge Street Elementary School 735 Ridge Street, Newark, NJ 07104 | 5-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 464-466 Summer Ave
Tax History
Tax History for 464-466 Summer Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,831
2%
$232,200
—
2023
$8,656
—
$232,200
—
2022
$8,675
—
$232,200
—
2021
$8,670
33%
$232,200
—
2021
$6,536
-24%
$232,200
—
2018
$8,575
-2%
$232,200
—
2019
$8,733
6%
$232,200
—
2017
$8,266
3%
$232,200
—
2016
$7,988
4%
$232,200
—
2015
$7,684
12%
$232,200
—
2013
$6,857
—
$232,200
—
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
Estimate the Cost for 464-466 Summer Ave
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- Multi-Family
- Active
- Updated 2 days ago
- 5Total Beds
Listed by Royal Crown Realty
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 4Total Baths
Listed by Coccia Realty Better Homes & Gardens
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
Listed by The Bixler Group, LLC
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464-466 Summer Ave, Newark, NJ 07104 (MLS# 4025818) is a Apartment property. 464-466 Summer Ave is currently listed for $900,000 and was received on May 06, 2026. Want to learn more about 464-466 Summer Ave? Do you have questions about finding other Apartment real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.