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$900,000
464-466 Summer Avenue, Newark, NJ, 07104
MLS# 26016275
0.303 acres (13,200 sqft)
Lot Size
1910
Year Built
Commercial — Office
Property Type
Description
Income-producing commercial boarding house located in the Northern section of Newark. This property features 15 rentable units, offering strong cash flow potential for investors. All tenancies are currently month-to-month, providing flexibility for repositioning or future rent adjustments. Rent roll and income/expense details available upon request. Property is being sold strictly AS-IS. Buyer is responsible for all municipal inspections, certifications, and any required repairs. Conveniently located near major transportation routes, public transit, shopping, and local amenities, with easy access to highways and nearby business districts. Excellent opportunity for investors seeking a value-add or income-generating asset in a high-demand rental market.
Tax & Financial Information
| Annual Property Taxes | $8,831 (NJ Public Records) |
| Tax Assessment | $232,200 |
| Land Assessment | $46,000 |
| Listed | May 6, 2026 |
Listing Information
Listing Office: Keller Williams Realty - NJ Metro Group — 973-783-7400
Listing Agent: Brendan Dasilva — 862-213-0008 — offers@dasilvateamnj.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 5/6/2026.
Total Monthly Cost
$6,531/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $180,000 | Loan: $720,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Newark
Northeast Corridor / PATH
Newark Penn Station
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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Information deemed reliable but not guaranteed. Last date updated: 10/27/2026.
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Property listings provided by GardenState.ai through authorized access to NJMLS.
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