320 Summer Ave Newark, NJ 07104
Mount Pleasant-Lower Broadway NeighborhoodEstimated payment $3,598/month
About This Home
Welcome to this well-maintained two-unit property offering excellent income potential and flexible living space. Each unit features 2 spacious bedrooms, 1 full bathroom, a bright living room, and an eat-in kitchen perfect for comfortable everyday living. The finished attic provides additional rooms ideal for home office, storage or recreation, while the finished basement offers even more versatility for storage, entertaining, or personal use. A rare 2-car detached garage (which fits 4+ cars) adds tremendous value and convenience, with plenty of space for parking or additional storage. Conveniently located near public transportation, shopping, dining, and major highways, making commuting and daily errands a breeze. This property is an outstanding opportunity for investors seeking strong rental potential or for Owner-occupants looking to offset mortgage costs with rental income. Don't miss this versatile and income-producing property in a prime location!
Listing Agent
JESSICA ROJAS
REAL Brokerage Phone: 973-583-7594 Listed on: 02/12/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,183
Year Built
- Built in 1877
Lot Details
- 3,920 Sq Ft Lot
Parking
- 2 Car Detached Garage
- Off-Street Parking
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Radiator
- Standard Electricity
Additional Features
- Finished Basement
Community Details
- Net Operating Income $23,097
Listing and Financial Details
- Assessor Parcel Number 1614-00577-0000-00007-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,062 | $162,600 | $30,300 | $132,300 |
| 2024 | $6,062 | $162,600 | $30,300 | $132,300 |
| 2022 | $6,075 | $162,600 | $30,300 | $132,300 |
| 2021 | $6,071 | $162,600 | $30,300 | $132,300 |
| 2020 | $6,179 | $162,600 | $30,300 | $132,300 |
| 2019 | $6,115 | $162,600 | $30,300 | $132,300 |
| 2018 | $6,005 | $162,600 | $30,300 | $132,300 |
| 2017 | $5,789 | $162,600 | $30,300 | $132,300 |
| 2016 | $5,593 | $162,600 | $30,300 | $132,300 |
| 2015 | $5,380 | $162,600 | $30,300 | $132,300 |
| 2014 | $5,042 | $162,600 | $30,300 | $132,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/03/2026 03/03/26 | Pending | -- | -- | -- |
| 02/12/2026 02/12/26 | For Sale | $599,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $250,000 | None Available | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $225,000 | Purchase Money Mortgage |
Source: Garden State MLS
MLS Number: 4009538
APN: 14-00577-0000-00007
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Ask me questions while you tour the home.