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    Summit, NJ Multifamily Properties for Sale

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    Chatham, NJ New Providence, NJ Springfield, NJ Millburn, NJ Westfield, NJ Chatham Twp, NJ Mountainside, NJ Madison, NJ
    Victorian Quadplex with Updated Interiors
    Updated: Aug 12
    Victorian Quadplex with Updated Interiors

    2 Hillside Ave, Summit, NJ 07901

    $1,800,000
    4,239 sqft 0.17 AC lot
    Four‑apartment layout with two 1‑bedroom units, one 2‑bedroom unit, and one 3‑bedroom unit
    4,239 square feet on a 0.17‑acre lot
    Kitchens and baths updated during 2023‑2024
    Three tenant‑occupied units have leases extending into 2027
    0.3 miles from downtown Summit and near NJ Transit and the Farmers Market
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    Victorian-Style Duplex
    Updated: Sep 9
    Victorian-Style Duplex

    600 Springfield Ave, Summit, NJ 07901

    $899,000
    Two separate residences within a 1913 Victorian‑style duplex
    First‑floor unit includes basement recreation space, full bath, laundry, and storage
    Second‑floor residence has 2 bedrooms, full bath, kitchen, living room, and washer/dryer
    Recent updates include 2 water heaters, a boiler, newer driveway, and roof
    Month‑to‑month tenant arrangements provide occupancy flexibility
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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    57 Morris Ave, Summit, NJ 07901

    $1,050,000

    Each residence offers two levels, in-unit laundry, and private basement storage.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Duplex with Two-Car Garage
    Renovated Duplex with Two-Car Garage

    1091 Alfieri Ct, Union, NJ 07083

    $1,099,900
    2,744 sqft

    Renovated two-family property with separate utilities, finished basement, and substantial off-street parking.

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    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    2376 Mountain Ave, Scotch Plains, NJ 07076

    $1,095,000
    5,000 sqft

    Includes two three-bedroom apartments, basement storage, and attic space.

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    Renovated Two-Family Duplex
    Renovated Two-Family Duplex

    1091 Alfieri Ct, Union, NJ 07083

    $1,099,900
    2,744 sqft 0.09 AC lot

    Two residential units feature updated interiors, separate utilities, central air, and access to a finished basement.

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    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    2376 Mountain Ave, Scotch Plains, NJ 07076

    $1,095,000
    0.15 AC lot

    B-2-zoned property combines commercial space with two residential apartments.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Duplex
    Detached Two-Family Duplex

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family residence with two three-bedroom apartments, a separate-entry basement, and public water and sewer service.

    View details
    Flatbush Development Property For Sale
    Flatbush Development Property For Sale

    14 E 32nd Street lot: 13, Brooklyn, NY 11226

    $1,249,000
    1,407 sqft 0.09 AC lot

    40 x 100 lot with R6, C1-2 zoning.

    View details

    Summit, NJ Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Summit, NJ, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,239 square feet of properties for sale, with an estimated market value of $3,749,000.

    Sale prices for multifamily properties in Summit, NJ start at $899,000, averaging $1,249,666, and reaching up to $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 3
    Quadplexes 1

    Demographics Overview

    Population 25K
    Population Growth (5Y) +5.0%
    Median Household Income $177,986
    College Educated 54.3%

    High-Yield Neighborhoods for Investment

    Identify Summit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07901 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 4.36%
    Property Tax per SF $36.37 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Union County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Union County

    Office

    Residential Income

    How Realmo verifies these figures

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