345 Summer Ave, Newark, NJ, 07104
About This Home
Exceptional Investment Opportunity!!! " Extra income for backyard driveway. Introducing a beautifully renovated Multi-3 UNIT & 3 level home. home & offering refined living spaces and outstanding income potential. This exceptional property blends modern updates with generous layouts, making it a rare find for discerning investors. 1st Residence:Features a stylish eat-in kitchen complemented by a separate formal dining area, spacious bedrooms, a full bath, and an open living rm/din room layout designed for comfortable living and entertaining. 2nd-Level Residence: Boasts 2 private entrances, an elegant eat-in kitchen with a dedicated dining area, well-appointed bedrooms 2 BedRms , a full bath, and a bright living room/dining room combination ideal for flexible occupancy or premium rental appeal. Additional Living Spaces: Fully finished attic offering a private room (BedRoom) and full bath, with upscale bonus space. Finished lower-level bonus unit with two rooms or BedRooms, stall bath, and laundry hookups (stackable washer/dryer not included). Efficient baseboard heating (Gas) throughout..Exterior & Parking:Private rear driveway with off-street parking enhances convenience and exclusivity.Offered Sold As-Is with No known issues. Per Seller. A meticulously updated property where quality craftsmanship and thoughtful design are evident throughout. The photos speak for themselves. This home is a must-see opportunity. SO MUCH MORE!!! Will be delivered Vacant
Getting Around
Very Walkable
Good Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Asphalt Shingle
- Construction materials: Vinyl Siding
Notable Dates
- Major remodel year: 2025
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Microwave,Range/Oven - Gas,See Remarks,Microwave Oven,Refrigerator
- Laundry features: Laundry Room
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Features
- See Remarks,Track Lighting,Walk-In Closet(s),Rec Room,Utility Room,Bedrooms,Eat-In Kitchen,Kitchen,Living Room,Master Bedroom,Attic,Den
- Flooring: Marble
Heating & Cooling
- Heating features: Zoned,Natural Gas
- Cooling features: See Remarks
Interior Area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Details
- Parcel number: 1614005760000000590000
Features
- Levels: 3-Three Story
- Stories: 3
- Exterior features: Curbs,See Remarks
Lot
- Lot size: 2,613 sqft
- Lot size dimensions: 25 x 110
Parking
- Total spaces: 3
- Parking features: 2 Car Width
- Uncovered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Cold Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,601 | $55,212 |
| Home Insurance * | $597 | $7,164 |
| Property Taxes | $1,592 | $19,104 |
| Electricity | $224 | $2,698 |
| Total | $7,014 | $84,168 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-11 | Listed for sale | $925,000 |
| 2021-01-07 | Sold | $195,000 |
| 2016-10-29 | Listing removed | $215,000 |
| 2016-01-28 | Price change | $215,000 |
| 2015-07-08 | Listed for sale | $225,000 |
| 2015-06-04 | Listing removed | $225,000 |
| 2014-06-05 | Listed for sale | $225,000 |
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