by RHP Realty

See Home Value
$500,000
Multifamily - Off Market

162 Summer Avenue

Newark, NJ 07104
bedrooms
7 Beds
bathrooms
4 Baths
$500,988
RealtyHop Estimate
0.20%
Since Oct 1, 2023
NY-New York
Primary Model

About This Property

INCOME PRODUCING DETACHED MULTI-FAMILY WITH LOW PROPERTY TAXES WITH LOTS OF POTENTIAL AND CONVENIENTLY LOCATED. Rent received was below market value. Major components replaced in the last 2 years include roof, furnace, hot water heater and removal of oil tank.  Property is fenced, has a porch and 2,357 square feet per tax records. 1st floor apartment is tenant occupied, on a month-to-month lease and features 2 bedrooms, a living room, eat-in-kitchen, full bath and an area with slop sink. 2nd floor apartment, is vacant and features a living room, eat-in kitchen, 3 bedrooms and full bath. There is a 3rd full bath on the 2nd floor hall. There is a private access to the finished attic and another access from the 2nd floor apartment. Attic has two spacious rooms with wood flooring, windows and ornate ceilings. Basement has a 4th full bath, two rooms with baseboard heat and utility room. Oversized shed included. Fireplace decommissioned. AS-IS SALE. SELLER WILL GET C OF O.
Unit Size
-
Days on Market
88 days
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$495
HOA Dues
-
Year Built
1892
Last updated: 8 months ago (NJMLS #23017668)

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold $500,000
Sold
Jun 30, 2023 In contract -
In contract
Jun 9, 2023 Listed by Coldwell Banker, Middletown $500,000
Listed by Coldwell Banker, Middletown

Property Highlights

Parking Details
None
Interior Details

Bedroom Information

Bedrooms: 7

Bathroom Information

Bathrooms: 4

Room Information

Total Rooms: 13

Fireplace Information

None

Basement Information

full bath and 2 finished rooms with baseboard heat


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
6 Beds
5 Baths
-
$540,000 Aug 23, 2023
$540,000 Aug 23, 2023
$475/mo
Multifamily
6 Beds
4 Baths
-
$520,000 Jun 2, 2023
$520,000 Jun 2, 2023
$956/mo
Multifamily
6 Beds
4 Baths
-
$450,000 Jul 5, 2023
$450,000 Jul 5, 2023
$404/mo
Multifamily
6 Beds
3 Baths
-
$550,000 Aug 25, 2023
$550,000 Aug 25, 2023
$647/mo
Multifamily
5 Beds
3 Baths
-
$490,000 Aug 1, 2023
$490,000 Aug 1, 2023
$486/mo
Multifamily
Stu
-
-
$499,999 Nov 30, -0001
$520,000 Jun 2, 2023
-
Multifamily
7 Beds
3 Baths
-
$450,000 Sep 8, 2023
-
$513/mo
Multifamily
7 Beds
4 Baths
-
$439,900 Aug 28, 2023
-
$534/mo
Multifamily
7 Beds
3 Baths
-
$599,900 Jun 16, 2023
-
$609/mo
In Contract
Multifamily
7 Beds
-
-
$515,000 Apr 15, 2023
-
-
Multifamily
8 Beds
3 Baths
-
$569,000 Mar 20, 2023
-
$422/mo
Multifamily
6 Beds
2 Baths
-
$549,000 Jun 26, 2023
-
$1,075/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

162 Summer Avenue 162 Summer Avenue, Newark, NJ 07104
  • 1 Unit for Sale
More about this Building
162 Summer Avenue
Want to find out who owns 162 Summer Avenue, Newark, NJ 07104? Get detailed property transactions here .

About Mount Pleasant - Lower Broadway


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