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$500,000 Just Listed
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Property Description
Welcome to 72 Summer Ave!A great opportunity for homeowners and investors alike! This two-family property features two units, each offering 2 bedrooms, 1 full bathroom, and an additional den that can be used as a home office, guest space, or flex room. The walk-out basement provides additional potential and convenient access to the outdoors.With a versatile layout and space to make it your own, this property offers the opportunity to create value while enjoying the benefits of multifamily living. Whether you're looking to occupy one unit and rent the other or expand your investment portfolio, 72 Summer Ave is full of possibilities. Don't miss the opportunity to explore its potential!
Full Property Details
Full Property Details for 72 Summer Ave
General
- Price: $500,000
- Taxes: $9,721 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4058662
- Updated: 10/13/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Location
- County: Essex
- Driving Directions: Stone St. to Crane St. to Summer Ave.
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 2-Two Story
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Walk-Out
- Roof: Asphalt Shingles
- Year Built: 1940
Unit Information
Unit 1
- Unit Description: Bedrooms, Den, Kitchen, Living Room
- Square Feet: 1047
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Den, Kitchen, Living Room
- Square Feet: 1047
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.03
- Lot Dimensions: 15 x 100
- Driveway/Sidewalk: On-Street Parking, See Remarks
Financial Considerations
- Assessment Amount: $223,300
- Land Assmt: $19,800
- Tax Amount: $9,721
- Tax Year: 2025
Disclosures and Reports
- Block: 485
- Lot Number: 42
Listed by World Class Realty Group
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Schools
Schools serving 72 Summer Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Franklin Elementary School, Newark, NJ 42 Park Avenue, Newark, NJ 07104 | PK-4 | 0.2 mi |
McKinley Elementary School, Newark, NJ 1 Colonnade Place, Newark, NJ 07104 | K-4 | 0.3 mi |
Dr. E. Alma Flagg Elementary School 150 Third St, Newark, NJ 07104 | K-4 | 0.7 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.3 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 0.4 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 1.7 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.7 mi |
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107 | 5-8 | 0.8 mi |
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 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 72 Summer Ave
Date
Details
Price
Change
Source
10/13/2026
Listed
$500,000
17.65%
MLS
7/26/2021
Sold
$425,000
—
Public Record
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
Tax History for 72 Summer Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,677
7%
$292,000
—
2022
$10,909
90%
$292,000
—
2021
$5,750
-2%
$292,000
90%
2020
$5,852
1%
$154,000
—
2019
$5,792
2%
$154,000
—
2018
$5,687
-8%
$154,000
-12%
2017
$6,202
4%
$174,200
—
2016
$5,992
4%
$174,200
—
2015
$5,764
12%
$174,200
—
2013
$5,144
—
$174,200
—
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 72 Summer Ave
72 Summer Ave, Newark, NJ 07104 (MLS# 4058662) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 72 Summer Ave is currently listed for $500,000 and was received on October 13, 2026. Want to learn more about 72 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.

