366 Summer Ave Newark, NJ 07104
Mount Pleasant-Lower Broadway NeighborhoodEstimated payment $4,387/month
About This Home
Fantastic Owner-Occupant or Investor Opportunity! Discover this well-maintained 3-family property offering strong rental potential and long-term value. Ideally located near transportation, shopping, schools, and houses of worship, this property delivers both convenience and growth opportunity. Each apartment features updated kitchens and modernized baths, with separate utilities tenants pay their own gas, heat, and electric keeping operating costs low. The recently redone basement and plumbing add peace of mind and functionality. large double back lot provides ample off-street parking or potential for a future build or subdivision (variance required), offering excellent upside for investors or developers. With low taxes, no oil tank on the property, and solid existing condition, this home is truly turnkey and ready to go.
Listing Agent
KELLER WILLIAMS - NJ METRO GROUP Brokerage Phone: 973-783-7400 Listed on: 02/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,813
Year Built
- Built in 1881
Lot Details
- 4,356 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
- Composition Shingle Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- On-Street Parking
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Multiple Heating Units
- Hot Water Baseboard Heater
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 1614-00611-0000-00020-0000-
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 | $8,382 | $220,400 | $28,700 | $191,700 |
| 2024 | $8,217 | $220,400 | $28,700 | $191,700 |
| 2022 | $8,234 | $220,400 | $28,700 | $191,700 |
| 2021 | $6,262 | $167,700 | $25,000 | $142,700 |
| 2020 | $6,373 | $167,700 | $25,000 | $142,700 |
| 2019 | $6,307 | $167,700 | $25,000 | $142,700 |
| 2018 | $6,193 | $167,700 | $25,000 | $142,700 |
| 2017 | $5,970 | $167,700 | $25,000 | $142,700 |
| 2016 | $5,769 | $167,700 | $25,000 | $142,700 |
| 2015 | $5,549 | $167,700 | $25,000 | $142,700 |
| 2014 | $5,200 | $167,700 | $25,000 | $142,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/25/2026 02/25/26 | For Sale | $689,000 | +74.4% | -- | |
| 06/25/2021 06/25/21 | Sold | $395,000 | +1.3% | -- | View Prior Sale |
| 05/07/2021 05/07/21 | Pending | -- | -- | -- | |
| 04/12/2021 04/12/21 | For Sale | $389,999 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $395,000 | Old Republic Natl Ttl Ins Co | |
| Deed | $75,000 | None Available | |
| Sheriffs Deed | -- | Chicago Title Insurance Co | |
| Deed | $185,000 | -- | |
| Deed | $160,000 | -- | |
| Deed | $39,900 | -- | |
| Deed | $145,000 | -- | |
| Deed | $140,000 | -- | |
| Deed | $32,500 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $296,250 | New Conventional | |
| Previous Owner | $120,000 | No Value Available | |
| Previous Owner | $116,000 | No Value Available |
Source: Garden State MLS
MLS Number: 4011422
APN: 14-00611-0000-00020
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Ask me questions while you tour the home.