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    Summit, NJ Apartment Buildings for Sale

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    Chatham, NJ Springfield, NJ New Providence, NJ
    Summit Multifamily Investment Opportunity
    $2,100,000
    4,300 SF
    Summit Multifamily Investment Opportunity

    57 Park Ave, Summit, NJ 7901

    Five residential units in prime Summit location with value-add potential.
    • Value‑add opportunity to create a 6th unit from existing basement layout (subject to approvals and zoning changes)
    • Prime Summit location, close to downtown, shopping, dining, and major transportation
    • Strong rental demand area, ensuring consistent occupancy
    • Five existing units: two 1‑bedroom and three 2‑bedroom apartments, providing a diverse rental mix
    • Strong income potential from existing units
    Updated: Mar 26
    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Mixed-Use Building in Westfield
    $1,099,000
    3,000 SF
    Mixed-Use Building in Westfield

    Mixed-use building with dental practice and apartment in Westfield.

    228 Saint Paul St, Westfield, NJ 7090

    View details
    Fully Occupied Eight-Unit Apartment Building
    $850,000
    Fully Occupied Eight-Unit Apartment Building

    An eight-unit multifamily asset with stable occupancy, offering income-producing housing in Irvington, New Jersey.

    282 Nesbit Terrace, Irvington, NJ 7111

    View details
    Westfield Mixed-Use Investment Opportunity
    $2,500,000
    9,122 SF
    Westfield Mixed-Use Investment Opportunity

    Mixed-use building with residential and commercial units in prime location.

    1030 South Ave, Westfield, NJ 7090

    View details
    17-Unit Multifamily Rental Property
    $2,250,000
    0.11 Acres
    17-Unit Multifamily Rental Property

    A 17-unit multifamily asset offering studio, one-bedroom, and two-bedroom apartments on a compact site.

    66 Olympic Terrace, Irvington, NJ 7111

    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.

    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF
    Brooklyn Two-Family Home with Development Potential

    Two-family home on a large lot with significant development potential.

    69 Martense Street, Brooklyn, NY 11226

    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    View details
    Central Business Zoned Development Land
    $250,000
    0.23 Acres
    Central Business Zoned Development Land

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    107 HOWARD Street, La Plata, MD 20646

    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details

    Summit, NJ Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Summit, NJ on our real estate platform. These investment opportunities span a total of 12,800 square feet of properties for sale, with an estimated market value of $6,100,000.

    Sale prices for two-family homes in Summit, NJ start at $1,900,000, averaging $2,033,333, and reaching up to $2,100,000 — 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%

    High-Yield Neighborhoods for Investment

    Identify Summit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07901 $2M

    Taxes & Financing

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

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