USANJNewark199 Summer Ave
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New
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$649,500

For Sale

4 days ago

199 Summer Ave, Newark

House

MLS® 4032963

0 Bed

2 Bath

--

0

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $9,573
Days Active 3
Lot Size 
Approx. Age 1920
MLS® Number 4032963

Property Address: 199 Summer Ave, Newark, NJ, 07104-2628

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number4032963
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementBilco-Style Door
DrivewayNone, On-Street Parking
Garage Spaces
HeatHeat Source: Gas-Natural, Heating Type: 1 Unit
A/C1 Unit, Window A/C(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 8, 2026List Date
$649,500List Price
-End Date
Not Sold YetSold Price

For Sale

Jun 8, 2026List Date
$649,500List Price
  • Commute

Commute

Starting Address
Destination Address
199 Summer Ave, Newark,

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