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Three-Unit Property with Storefront
For Sale
$1,699,000

1304 Summit Ave, Union City, NJ 07087

Three two-bedroom residences accompany a commercial storefront.

Property SizeContact for details
Days on Market20

Property Features for 1304 Summit Ave

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Tenancy Multi
Listing Agency: Coldwell Banker, Fort Lee
Listed By: Rosa Lopez-Castro (908) 425-5745
Source: Thepaulaclarkgroup
Added: Aug 12 Changed: Aug 29 Last Checked: Aug 30 at 5:51PM

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 Coldwell Banker, Fort Lee

Investment Insights

Based on property information with market context.

This triplex includes 3 residential units, with 2 bedrooms in each residence, along with a separate storefront component. The residential units are scheduled to be vacant at closing, allowing the next owner to determine their occupancy strategy. The storefront is occupied under a month-to-month arrangement, providing an existing commercial tenancy with flexible lease timing.

The property is located at 1304 Summit Ave in Union City, NJ 07087. Its combination of residential units and storefront space creates a mixed-income-use configuration within a three-unit asset.

Key Highlights

  • 3 residential units
  • 2 bedrooms in each residential unit
  • Storefront included with the property

Property Analytics

Current Use

Ria Money Transfer ... Bank Niki's Express Corporation Corporate Office

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Acupuncture Tattoo & Piercing Shop Tanning Salon Nursing Home

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,955
Businesses Nearby

Demographics for 07087, NJ

68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three two-bedroom residences accompany a commercial storefront.
Where is this triplex located?
The property is located at 1304 Summit Ave Union City, NJ.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 3 residential units; 2 bedrooms in each residential unit; Storefront included with the property
More about this property
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