Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!
Property Details
Property Features
Listing Office:
Office Name: REAL
Office Phone: (347) 439-1807
Lot Features
Lot Information:
Lot Size: 0.10 Acres
Other
Directions Information:
Directions: Bloomfield Ave to Summer Ave Rt 21 South to Exit 4
Price Information
Listing Price Info
Price Summary:
List Price: $748,888
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Housing Market Comparison
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Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Roberto Clemente Elementary School
257 Summer Ave
Distance between this listing and this school0.26 miles
Public District Grades PK-4
4
/10
Franklin Elementary School
42 Park Ave
Distance between this listing and this school0.71 miles
Public District Grades PK-4
5
/10
Washington Elementary School
80 Belgrove Dr
Distance between this listing and this school0.79 miles
Public District Grades KG-6
Nearby Schools
3
/10
Rafael Hernandez Elementary School
345 Broadway
Distance between this listing and this school0.17 miles
Public District Grades PK-8
8
/10
Robert Treat Academy Charter School
443 Clifton Ave
Distance between this listing and this school0.20 miles
Public Charter Grades KG-8
4
/10
Luis Munoz Marin Elementary School
663 Broadway
Distance between this listing and this school0.72 miles
Public District Grades PK-8
Nearby Schools
8
/10
Technology High School
223 Broadway
Distance between this listing and this school0.47 miles
Public District Grades 9-12
1
/10
Barringer High School
90 Parker St
Distance between this listing and this school0.82 miles
Public District Grades 9-12
3
/10
Kearny High School
336 Devon St
Distance between this listing and this school1.13 miles
The neighbors living near this home have an average income of $39,052. The most common annual income of people living in Newark, NJ is between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 368 Summer Ave
What is the listing price of this property?
The listing price of 368 Summer Ave property is $748,888.
What type of property is this?
The property 368 Summer Ave is land located in Newark City, New Jersey, 07104.
Is this property for sale now?
Active Listing: 368 Summer Ave is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 368 Summer Ave in Newark City, NJ and zip code 07104 in the North Ward neighborhood. This home sits on a 0.10 acre lot. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $748,888.
In November 2024, from all listings sold in Newark, NJ there were more than 22 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. In November 2024 in Newark, NJ there were 13.5% more homes for sale than in October 2024. Listings spent 14 days on the market in November 2024, and had a median list price of $400,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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