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Three-Unit Multifamily Property
New
For Sale
$799,000

1307 Summit Ave, Union City, NJ 07087

Three residential levels each provide two bedrooms, with public transportation nearby.

Property SizeContact for details
Days on Market2

Property Features for 1307 Summit Ave

General Information

Standard status Active
Property subtype Multi Family

Property Condition

Severity Repairs Needed
Evidence needs repairs

Additional Details

Public Transit Yes
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $11,333

Building Details

Year Built 1943
Units 3
Listing Agency: REALTY ONE GROUP SUNRISE
Listed By: SONNIA P PEPE · License #276274
Source: Elliman
Added: Sep 24 Last Checked: Sep 24 at 2:11PM

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 REALTY ONE GROUP SUNRISE

Investment Insights

Based on property information with market context.

This three-family property in Union City dates to 1943. Each floor has two bedrooms and a living room separated from the kitchen. Repairs are needed, offering a clear view of the property’s current condition.

Public transportation is nearby, and the location has a Walk Score of 96, a Bike Score of 78, and a Transit Score of 63.

Key Highlights

  • Three‑family home with two bedrooms on each floor
  • Built in 1943
  • Walk Score of 96, Bike Score of 78 and Transit Score of 63

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Acupuncture Tattoo & Piercing Shop Tanning Salon Skin Care Clinic

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 residential levels each provide two bedrooms, with public transportation nearby.
Where is this triplex located?
The property is located at 1307 Summit Ave Union City, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three‑family home with two bedrooms on each floor; Built in 1943; Walk Score of 96, Bike Score of 78 and Transit Score of 63
More about this property
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