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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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199 Summer Ave , Newark City, NJ 07104
$649,500
Est. Payment: $3,305.44/mo
4 Bed
1.5 Bath
0 Sqft
Status: active | Days on site: 44
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Susan Maryanski
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House 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.
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Highlights

Listed by JEANETTE RODRIGUEZ , HP RE/MAX PROFESSIONALS I , 973-450-4000. Garden State MLS

Property Type

Multi-Family
Lot/Acreage
0.06

Year Built

1920

County

Essex

Listing ID

4032954

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:1.5
  • ▪ Full Bathrooms:1
  • ▪ 1/2 Bathrooms:1
Air Cond:1 Unit,Window A/C(s)
Fireplaces:
Basement:Bilco-Style Door
Other:Public Water

Exterior Features

Lot Dimensions:25X100
Roof:Flat
Others:Aluminum Siding,On-Street Parking
Sewer:Public Sewer
Principal Interest
$3,305
Taxes
$798

Home Price

$649,500

Loan Details

30 yrs
6.562%

Down Payment

20%
$129,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,305.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,305.44 $797.75 $0.00 $4,103.19
Yearly $39,665.28 $9,573.00 $0.00 $49,238.28
Total $1,189,958.54 $287,190.00 $0.00 $1,477,148.54

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Newark City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-21T23:37:13.000Z

© 2026 Garden State MLS