5-Unit Apartment
57 Park Ave, Summit, NJ 07901
For Sale
$1,495,000
Multi-Family, Summit City, NJ
Property SizeContact for details
Lot Size0.08 Acres
Days on Market13
Property Features for 57 Park Ave
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Elementary school
Middle school
Directions
Standard status
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Roof type
Listing Agency:
ELITE REALTORS OF NEW JERSEY
Listed By:
Daniel Yanofski
(973) 994-9009
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 9 at 5:06AM
MLS# 4061603
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1910 apartment property contains five legal residential units, with a possible sixth unit subject to municipal approval. The reported unit mix includes five two-bedroom apartments and one one-bedroom apartment when the potential unit is counted. The 0.08-acre parcel has steam heating, a flat roof, public water, and public sewer service.
The property is approximately five minutes from downtown Summit and 10 minutes from the Summit train station. Routes 24 and 78 are nearby, and NJ Transit’s Midtown Direct service connects the station with New York City.
The property is approximately five minutes from downtown Summit and 10 minutes from the Summit train station. Routes 24 and 78 are nearby, and NJ Transit’s Midtown Direct service connects the station with New York City.
Key Highlights
- Five legal residential units; a sixth may be possible with municipal approval
- Unit mix described as five 2‑bedroom apartments and one 1‑bedroom apartment, including the potential sixth unit
- 0.08‑acre parcel; building constructed in 1910
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,092
Businesses Nearby
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Business Placement
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
$958,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Union County, NJ
Properties on Market for Apartment buildings in Union County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A sixth residence may be added, subject to municipal approval, with public water and sewer serving the property.
Where is this apartment building located?
The property is located at 57 Park Ave Summit, NJ.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Five legal residential units; a sixth may be possible with municipal approval; Unit mix described as five 2‑bedroom apartments and one 1‑bedroom apartment, including the potential sixth unit; 0.08‑acre parcel; building constructed in 1910
