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    Summit, NJ Multifamily Properties for Sale

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    Chatham, NJ Springfield, NJ New Providence, NJ
    7 listings
    Corner Mixed-Use Property
    $2,100,000
    4,200 SF
    Corner Mixed-Use Property

    53 Summit Ave, Summit, NJ 07901

    Corner mixed-use building with ground-floor commercial space and three residential units, plus lower-level flexible space with exterior access.
    • Mixed‑use corner property in Downtown Summit with 3 residential apartments on the second level: one 1‑bedroom and two studio apartments
    • Ground‑floor commercial space plus flexible lower‑level space with direct exterior access (basement with additional rooms)
    • Residential tenants have a dedicated private entrance from Franklin Place
    • Just steps to the Summit Parking Garage and the NJ Transit train station with direct service to New York City
    • Construction materials include block and brick; roof is asphalt/shingle
    Updated: May 9
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    Summit City Multifamily Investment Opportunity
    $1,900,000
    4,300 SF
    Summit City Multifamily Investment Opportunity

    57 Park Ave, Summit, NJ 07901

    Multifamily property in Summit City with value-add potential.
    • Value‑add opportunity to create a 6th unit from existing basement layout (subject to approvals and zoning).
    • Prime Summit location, minutes from downtown, shopping, dining, and major transportation.
    • Strong rental demand area ensures consistent occupancy.
    • Five existing units: two 1‑bedroom and three 2‑bedroom apartments.
    • Solid and diverse rental mix with strong income potential.
    Updated: Mar 23
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    Summit City Duplex For Sale
    $1,195,000
    0.14 Acres
    Summit City Duplex For Sale

    Rare duplex in prime Summit location near shops and transportation.

    718 Springfield Ave, Summit, NJ 07901

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    Four-Unit Multifamily Home in Summit
    $1,775,000
    0.31 Acres
    Four-Unit Multifamily Home in Summit

    Sun-filled, well-maintained four-unit multifamily home in the heart of Summit.

    23 EUCLID AVENUE, Summit, NJ 07901

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    Summit Multifamily Investment Opportunity
    $2,100,000
    4,300 SF
    Summit Multifamily Investment Opportunity

    Five residential units in prime Summit location with value-add potential.

    57 Park Ave, Summit, NJ 7901

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    Summit Duplex in Prime Location
    $1,195,000
    Summit Duplex in Prime Location

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

    718 Springfield Ave, Summit, NJ 7901

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    Sun-Filled Multifamily Home in Summit
    $1,888,000
    721 SF
    Sun-Filled Multifamily Home in Summit

    Well-maintained four-unit multifamily home near Summit Train Station.

    24 Franklin Place, Summit, NJ 7901

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 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.

    New Providence Two-Family Home
    $599,000
    New Providence Two-Family Home

    Meticulously maintained two-family home in desirable New Providence location.

    77 Livingston Ave, New Providence, NJ 7974

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    Well-Maintained Two-Unit Home
    $950,000
    Well-Maintained Two-Unit Home

    Two-unit home in New Providence, NJ near downtown.

    166 1st St, New Providence, NJ 7974

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    Historic Mixed-Use Office & Apartments
    $1,499,000
    3,667 SF
    Historic Mixed-Use Office & Apartments

    Downtown mixed-use building with office space, two apartments, and 22 on-site parking spaces.

    331 Main St, Chatham, NJ 7928

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    Historic Chatham Borough Mixed-Use Property
    $925,000
    2,455 SF
    Historic Chatham Borough Mixed-Use Property

    Versatile building in downtown Chatham, zoned for office and residential.

    368 Main St, Chatham, NJ 7928

    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.

    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF
    Brooklyn Two-Family Home with Development Potential

    Two-family home on a large lot with significant development potential.

    69 Martense Street, Brooklyn, NY 11226

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    Flatbush Development Property For Sale
    $1,249,000
    1,407 SF
    Flatbush Development Property For Sale

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

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

    View details
    Land Near Camelback Resort
    Contact for pricing
    0.18 Acres
    Land Near Camelback Resort

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

    250 Big Hill Pass, Scotrun, PA 18355

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    Expansive Land Parcel in Holmes
    $750,000
    2,480 SF
    Expansive Land Parcel in Holmes

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

    545 Grape Hollow Road, Holmes, NY 12531

    View details

    Summit, NJ Multifamily Properties Investment Opportunities Market Analysis

    Explore 7 multifamily properties for sale in Summit, NJ, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 9,321 square feet of properties for sale, with an estimated market value of $5,888,000.

    Sale prices for multifamily properties in Summit, NJ start at $1,888,000, averaging $1,962,666, and reaching up to $2,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 3
    Duplexes 3
    Quadplexes 3

    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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