199 Summer Ave, Newark City, NJ 07104
199 Summer Ave, Newark City, NJ 07104
199 Summer Ave, Newark City, NJ 07104
199 Summer Ave, Newark City, NJ 07104
199 Summer Ave, Newark City, NJ 07104
199 Summer Ave, Newark City, NJ 07104
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 649,500
Est. payment | /mo

4 Beds

1.5 Baths

2,613 Sqft Lot

Save
$ 649,500
Est. payment | /mo
Save

4 Beds

1.5 Baths

2,613 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4032954

Style 2-Two Story

Bedrooms 4

Full Baths 1

Half Baths 1

Year Built 1920

Annual Tax Amount $9,573

Tax Year 2025

Lot Size 2,613 Sqft

Property 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

State NJ

County Essex

Rooms

Basement Bilco-Style Door

Interior

Heating Gas-Natural

Cooling 1 Unit, Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Utilities Available Gas-Natural

Roof Type Flat

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by RE/MAX PROFESSIONALS I
Ready to make a move?

Get pre-approved for this home in minutes.

Already toured or saved this listing? Take the next step. Start a secure application below and find out exactly what you qualify for — no credit hit, no obligation. Sellers take pre-approved buyers seriously.

Start your pre-approval

Secure · Powered by Bond Street Mortgage, LLC

Not quite ready? Explore your options

Affordability Calculator →

See how much home you comfortably qualify for based on your income.

Payment Calculator →

Calculate principal, interest, taxes, and insurance in seconds.

Northern NJ Mortgage Guide →

Local rates, programs, and what NJ buyers need to know.

Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from RE/MAX Select - Chopper Russo Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

199 Summer Ave

};function runPageScript(){