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
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Howard Wilson

Howard Wilson

+1(201) 739-2880
$ 649,500
Est. payment | /mo

2,613 Sqft Lot

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

2,613 Sqft Lot

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4032963

Year Built 1920

Annual Tax Amount $9,573

Tax Year 2025

Lot Size 2,613 Sqft

Property Sub-Type Mixed Use

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

Zoning .

Rooms

Basement Bilco-Style Door

Interior

Heating Gas-Natural

Cooling 1 Unit, Window A/C(s)

Flooring Laminate

Equipment Fire Alarm, Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum

Utilities Available Gas-Natural

Roof Type Flat

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
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Howard Wilson

Howard Wilson

Agent License ID: 1866984

+1(201) 739-2880

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199 Summer Ave

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