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    Summit, NJ
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    Summit, NJ Multifamily Properties for Sale

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    6 properties
    Summit Multifamily Investment Opportunity
    Updated: Mar 26
    Summit Multifamily Investment Opportunity

    57 Park Ave, Summit, NJ 07901

    $1,900,000
    4,300 sqft 0.08 AC lot
    Value‑add opportunity to create a 6th unit from existing basement layout (subject to approvals and zoning changes)
    Prime Summit location, close to downtown, shopping, dining, and major transportation
    Strong rental demand area, ensuring consistent occupancy
    Five existing units: two 1‑bedroom and three 2‑bedroom apartments, providing a diverse rental mix
    Strong income potential from existing units
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    This listing looks promising.

    Here's a quick look at some key insights for

    57 Park Ave, Summit City, NJ 07901

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $66K
      Annual

    • Price @ 7% Cap

      $945K
      Suggested
    View Property Analytics
    Two-Family Duplex with Walk-Out Basements
    Updated: May 9
    Two-Family Duplex with Walk-Out Basements

    718 Springfield Ave, Summit, NJ 07901

    $1,195,000
    0.14 AC lot
    Two‑family duplex at 716‑718 Springfield Ave in Summit (AS IS sale)
    Each unit offers 4 bedrooms and 1.5 baths with hardwood floors
    Walk‑out basements on each side provide additional usable space
    Carpeting, tile floors, and high ceilings throughout
    Exterior features include a deck, porch, enclosed porches, and partial fencing
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    Four-Unit Multifamily Building
    Four-Unit Multifamily Building

    23 EUCLID AVENUE, Summit, NJ 07901

    $1,775,000
    0.31 AC lot

    Sun-filled four-unit layout provides multiple living options for investors or owner-occupants.

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    Sun-Filled Four-Unit Multifamily Home
    Sun-Filled Four-Unit Multifamily Home

    23 EUCLID Ave, Summit, NJ 07901

    $1,775,000
    0.31 AC lot

    Well-maintained four-unit multifamily home in the heart of Summit.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Family Duplex with Detached Garage
    Two-Family Duplex with Detached Garage

    16 Russell Pl, Summit, NJ 07901

    $1,200,000

    Two spacious units in a duplex offer separate utilities, enclosed front porches, and dedicated basement areas.

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    Summit Duplex in Prime Location
    Summit Duplex in Prime Location

    718 Springfield Ave, Summit, NJ 07901

    $1,195,000

    Two-family duplex in Summit near shops, dining, parks, and transportation.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Updated Two-Family Duplex
    Updated Two-Family Duplex

    23 Blaine St, Millburn, NJ 07041

    $1,525,000
    0.18 AC lot

    Turnkey two-unit home with extensive renovations, multiple new bathrooms, updated kitchens, and separate electrical panels.

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    Legal Two-Family Residence
    Legal Two-Family Residence

    26 Hillside Ave, Chatham, NJ 07928

    $950,000
    0.17 AC lot

    Legal two-family home with a vacant first-floor unit, a multi-level second-floor unit, basement, and off-street parking.

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    Updated Two-Family Residence
    Updated Two-Family Residence

    23 Blaine St, Millburn, NJ 07041

    $1,525,000

    Two fully renovated units with new HVAC, electrical upgrades, and updated kitchens and baths throughout.

    View details
    Legal Two-Family Home
    Legal Two-Family Home

    26 Hillside Ave, Chatham, NJ 07928

    $950,000

    Legal two-family home with a full basement, washer and dryer, hardwood floors, and oversized rear off-street parking.

    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 Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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    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.

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    Land Near Camelback Resort
    Land Near Camelback Resort

    250 Big Hill Pass, Scotrun, PA 18355

    Contact for pricing
    0.18 AC lot

    Open lot near Camelback, suitable for RV, tiny home, or mobile.

    View details
    Expansive Land Parcel in Holmes
    Expansive Land Parcel in Holmes

    545 Grape Hollow Road, Holmes, NY 12531

    $750,000
    2,480 sqft 75.32 AC lot

    75+ acre land parcel with garage near I-84.

    View details

    Summit, NJ Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Summit, NJ, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 4,300 square feet of properties for sale, with an estimated market value of $9,040,000.

    Sale prices for multifamily properties in Summit, NJ start at $1,195,000, averaging $1,506,666, and reaching up to $1,900,000 — 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 6
    Quadplexes 2
    Short term rental properties 2
    Apartment buildings 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 $1.7M

    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)

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