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Historic 4-Unit Victorian Quadplex
For Sale
$1,800,000

2 Hillside Avenue, Summit, NJ 07901

2-4 Family, Summit, NJ

Property SizeContact for details
Days on Market22

Property Features for 2 Hillside Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Basement Unfinished
Subdivision Summit
Standard status Active

Utilities

Cooling system None (Cooling)

Amenities

shared laundry
covered front porch
decorative fireplaces
stained glass
dedicated basement storage
Listing Agency: Keller Williams Realty Metropolitan
Listed By: Jeff Adler
Added: Aug 13 Changed: Sep 1 Last Checked: Sep 3 at 7:06AM
MLS# 26030677

Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This legal four-family property occupies an 1890 Victorian residence with seven bedrooms and five full bathrooms across four apartments: two one-bedroom units, one two-bedroom unit, and one three-bedroom unit. Kitchens and bathrooms were updated during 2023–2024 while retaining decorative fireplaces, stained glass, and a covered front porch. Each apartment includes dedicated basement storage and one off-street parking space. The property also has a detached garage, shared pay-per-use laundry, a boiler approximately 5 years old, two water heaters installed in 2020, and a roof approximately 10 years old.

Three apartments have tenants with leases extending into 2027. The owner-occupied one-bedroom unit has projected market rent. Residents pay their own electric service and contribute monthly toward other building utilities. Located 0.3 miles from downtown Summit, the property is near NJ Transit, restaurants, shopping, and the Farmers Market across the street.

Key Highlights

  • Legal four‑family Victorian residence built in 1890
  • Four apartments with a 2 one‑bedroom, 1 two‑bedroom, and 1 three‑bedroom unit mix
  • Seven bedrooms and five full bathrooms

Property Analytics

Current Use

SuperLine Garage Door ... Building Supply

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Electrical Service Pet Grooming Service Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,972
Businesses Nearby

Demographics for 07901, NJ

24,199
Population
9,477
Households
2.6
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,841
Density / Sq Mi
$177,986
Median Household Income
$87,088
Median Earnings
$2,209
Median Rent
$958,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Updated apartments retain Victorian details and include dedicated storage and off-street parking.
Where is this quadplex located?
The property is located at 2 Hillside Avenue Summit, NJ.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Legal four‑family Victorian residence built in 1890; Four apartments with a 2 one‑bedroom, 1 two‑bedroom, and 1 three‑bedroom unit mix; Seven bedrooms and five full bathrooms
More about this property
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