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    5-Unit Apartment Building
    Updated: Oct 28
    5-Unit Apartment Building

    57 Park Ave, Summit, NJ 07901

    $1,495,000
    0.08 AC lot
    Five legal residential units; a sixth may be possible with municipal approval
    Unit mix described as five 2‑bedroom apartments and one 1‑bedroom apartment, including the potential sixth unit
    0.08‑acre parcel; building constructed in 1910
    Approximately 10 minutes from Summit train station and 5 minutes from downtown Summit
    Near Routes 24 and 78; Summit station offers NJ Transit Midtown Direct service to New York City
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    1 active listing matches your search: Apartment Building for sale in Summit, NJ. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 land listing with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    6-Unit Apartment Building
    6-Unit Apartment Building

    50 Cook Ave, Madison, NJ 07940

    $2,750,000
    6,954 sqft

    Individual utility metering and separate heating equipment serve the apartments.

    View details
    Mixed-Use Property with Rooftop Terrace
    Mixed-Use Property with Rooftop Terrace

    2003 Morris Ave, Union, NJ 07083

    $3,500,000
    0.54 AC lot

    The offering combines multifamily residences with commercial space configured for events, offices, and coworking.

    View details
    6-Unit Apartment Building
    6-Unit Apartment Building

    50 Cook Ave #1-6, Madison, NJ 07940

    $2,750,000

    Six residences have individual water heaters, furnaces, and utility meters, while the landlord covers common-area utilities.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1358 Burnet Ave, Union, NJ 07083

    $2,500,000

    The combined offering includes residential rentals alongside an operating business.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Duplex
    Detached Two-Family Duplex

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family residence with two three-bedroom apartments, a separate-entry basement, and public water and sewer service.

    View details

    Summit, NJ Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Summit, NJ on our real estate platform.

    Sale prices for apartment complexes in Summit, NJ average $1,495,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 25K
    Population Growth (5Y) +5.0%
    Median Household Income $177,986
    College Educated 54.3%

    Taxes & Financing

    Tax Rate (average for all types) 4.36%
    Property Tax per SF $36.37 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Union County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Union County

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    Residential Income

    How Realmo verifies these figures

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