Mixed-Use Property with
For Sale
$899,000
305 Summit Ave, Jersey City, NJ 07306
Two rented apartments share the property with a commercial storefront and basement.
Property SizeContact for details
Days on Market60
Property Features for 305 Summit Ave
General Information
Standard status
Active
Property subtype
Multi Family Home
Net Operating Income
$8
Site & Location
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
residential, commercial
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Patio
See Remarks
Building Details
Year Built
1978
Units
3
Tenancy
Multi
Listing Agency:
Premier Homes
(908) 245-6767
Listed By:
Helene Halabi-Jurgensen
(551) 208-1049
Source:
Cammarotarealestate
Added: Aug 25
Changed: Oct 23
Last Checked: Oct 23 at 1:39AM
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 Premier Homes
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Investment Insights
Based on property information with market context.
This mixed-use property at 305 Summit Ave includes two currently rented apartments, a commercial storefront, and a basement. The building was constructed in 1978.
Summit Avenue provides access to Route 1&9, the NJ Turnpike, and I-78. The property is approximately 5 minutes from the Jersey City Courthouse and 6 minutes from Journal Square, a transportation and business hub.
Summit Avenue provides access to Route 1&9, the NJ Turnpike, and I-78. The property is approximately 5 minutes from the Jersey City Courthouse and 6 minutes from Journal Square, a transportation and business hub.
Key Highlights
- Two currently rented apartments
- Commercial storefront and basement
- Built in 1978
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two rented apartments share the property with a commercial storefront and basement.
Where is this mixed-use property located?
The property is located at 305 Summit Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two currently rented apartments; Commercial storefront and basement; Built in 1978
