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Updated Triplex with Walkout Basement
For Sale
$1,300,000

1172 SUMMIT AVE JC, Jersey City, NJ 07307

Three-story triplex with a finished walkout basement, private backyard, and separate utility service for each unit.

Property SizeContact for details
Days on Market24

Property Features for 1172 SUMMIT AVE JC

General Information

Standard status Active
Property subtype 3 Family

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Additional Details

Gross Income $114,000

Amenities

in-unit laundry
security cameras
backyard

Building Details

Buildings 1
Stories 3
Listing Agency: ELEVATE REALTY
Listed By: HARDEEP SINGH
Source: Serhant
Added: Jul 18 Changed: Aug 10 Last Checked: Aug 10 at 2:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ELEVATE REALTY

Investment Insights

Based on property information with market context.

Located at 1172 Summit Ave in Jersey City Heights, this three-story triplex contains three residential units with a total of 9 bedrooms and 4 bathrooms. The first unit includes three bedrooms, one full bathroom, and access to a private backyard. The other two units each provide three bedrooms, one full bathroom, and in-unit laundry; both were updated within the last two years.

The property also features a fully finished walkout basement, separate water and electric utilities for each unit, updated plumbing, and a roof replaced two years ago. Security cameras and a spacious backyard add to the existing improvements. NYC transportation, shopping, restaurants, parks, and schools are located nearby.

Key Highlights

  • Three‑story triplex with 9 bedrooms and 4 bathrooms
  • Units 2 and 3 include in‑unit laundry and were updated within the last two years
  • Fully finished walkout basement

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Nursing Home (Bike/Boat/Book/etc) Store Catering Service Tanning Salon Restaurant

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

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,005
Businesses Nearby

Demographics for 07307, NJ

44,247
Population
18,762
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
23,288
Density / Sq Mi
$80,745
Median Household Income
$52,729
Median Earnings
$1,708
Median Rent
$574,000
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?
Triplex - Three-story triplex with a finished walkout basement, private backyard, and separate utility service for each unit.
Where is this triplex located?
The property is located at 1172 SUMMIT AVE JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑story triplex with 9 bedrooms and 4 bathrooms; Units 2 and 3 include in‑unit laundry and were updated within the last two years; Fully finished walkout basement
More about this property
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