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    Summit, NJ Apartment Buildings for Sale

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    Chatham, NJ Springfield, NJ New Providence, NJ
    Summit City Multifamily Investment Opportunity
    $1,900,000
    4,300 SF

    Summit City Multifamily Investment Opportunity

    57 Park Ave, Summit, NJ 07901

    Multifamily property in Summit City with value-add potential.

    • Value‑add opportunity to create a 6th unit from existing basement layout (subject to approvals and zoning).
    • Prime Summit location, minutes from downtown, shopping, dining, and major transportation.
    • Strong rental demand area ensures consistent occupancy.
    • Five existing units: two 1‑bedroom and three 2‑bedroom apartments.
    • Solid and diverse rental mix with strong income potential.
    Updated: Mar 23
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    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
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

    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
    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
    Irvington Multifamily Investment Opportunity
    Contact for pricing

    Irvington Multifamily Investment Opportunity

    Value-add multifamily property with rental upside in Irvington, New Jersey.

    122 Elmwood Ave, Irvington, NJ 7111
    View details
    Stuyvesant Avenue Mixed-Use Property
    $999,000
    4,702 SF

    Stuyvesant Avenue Mixed-Use Property

    Mixed-use property on Stuyvesant Avenue with retail and residential spaces.

    876 Stuyvesant Ave, 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
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    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 Investment Opportunities Market Analysis

    Explore 2 apartment buildings for sale in Summit, NJ on our real estate platform. These investment opportunities span a total of 8,600 square feet of properties for sale, with an estimated market value of $4,000,000.

    Sale prices for two-family homes in Summit, NJ start at $1,900,000, averaging $2,000,000, 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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    6-Month New Listing Trend

    Monthly new listing volume vs. 6-month average in Summit.

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

    Identify Summit submarkets with the highest inventory density on the market and evaluate the median 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 sq ft
    Average Loan-to-Value 65.0%

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