Listed by Nancy Marie Rosa Rosa Agency Elizabeth, Inc.
Bought with Outside Agent Outside Office

$605,000

Est. payment -/mo

$579,000

4.5%

Est.Price: ?

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418 Summer AVE Newark, NJ 07104

3 Baths

SOLD DATE : 08/12/2025

Key Details

Sold Price $605,000

Property Type Multi-Family

Sub Type 2 Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 25021092

Style 2 Family

Full Baths 3

Property Sub-Type 2 Family

Property Description

Great Investment Opportunity in the Desirable Forest Hills Section of Newark! This well-maintained two-family home offers both comfort and income potential. The first-floor unit features 2 spacious bedrooms, 1 full bathroom, a large eat-in kitchen, and an open living/dining area perfect for modern living. The second-floor unit offers even more space, with 3 generously sized bedrooms, 1 full bathroom, and a convenient half bath. Both units were tastefully renovated just four years ago and remain in excellent condition. The walk-out finished basement, complete with a full bathroom, provides additional space ideal for storage, recreation, or entertainment. The property also features a convenient garage and ample on-street parking. Each unit is currently rented, making this an ideal opportunity for investors or owner-occupants seeking rental income. Very low taxes. Conveniently located near shops, major highways, Newark Penn Station and downtown, Branch Brook Park, and Newark Airport