# 199 Summer Ave, Newark City, NJ 07104-2628

> **TL;DR:** 4bd/2ba residential multi family, $649,500, built 1920.
> Basement. Est. $2,815/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $649,500 |
| Bedrooms | 4 |
| Bathrooms | 1 full, 1 half |
| Year Built | 1920 |
| Lot Size | 2,614 sqft (0.06 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,815 |
| **Total** | **$2,815** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1920
- 0.06 acre lot

## Description

### Agent Description
Exceptional mixed-use investment opportunity in North Newark! This well-maintained two-unit property offers strong, stable cash flow with long-term tenancy in place and significant upside for investors seeking a turnkey asset.The ground-floor commercial space is occupied by a successful neighborhood grocery store with 12 years remaining on the lease, providing reliable income and built-in 3% annual rent increases. The business is NOT for sale.The second-floor residential unit features 4 bedrooms, 1 full bathroom, den/office and is currently rented on a month-to-month basis, offering flexibility for future rent adjustments or owner-user possibilities.Current rental income:  Commercial Unit: $3,550/month (12 years remaining, 3% annual escalations)  Residential Unit: $2,420.50/month (month-to-month)With low annual taxes of just $9,573.61 and a desirable mixed-use configuration, this property delivers excellent cash flow potential and long-term income growth. Conveniently located on a busy street with strong visibility, consistent foot traffic, and easy access to major highways, public transportation, shopping, and local amenities.

## Location

- **Address:** 199 Summer Ave, Newark City, NJ 07104-2628
- **County:** Essex
- **Coordinates:** 40.75838, -74.17204
- **Google Maps:** https://www.google.com/maps?q=40.75838,-74.17204

## Listing Agent

- **Name:** JEANETTE RODRIGUEZ
- **Brokerage:** RE/MAX PROFESSIONALS I
- **Phone:** 9734504000
- **Email:** jvelasquezreo@verizon.net

## Primary Photo

![199 Summer Ave - Primary Photo](http://lh.rdcpix.com/891be5fe3f987a3f93c6f7b7a39ab2bel-f3356326074r.jpg)

*15 total photos available on [listing page](https://www.propertysimple.com/listing/199-summer-ave-newark-city-nj-07104-2628-4032954)*

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**MLS#:** 4032954 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/199-summer-ave-newark-city-nj-07104-2628-4032954)

---

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