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    Summit, NJ
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    Summit, NJ Multifamily Properties for Sale

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    Chatham, NJ Mountainside, NJ New Providence, NJ Springfield, NJ Millburn, NJ Chatham Twp, NJ Madison, NJ Westfield, 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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    Historic 4-Unit Victorian Quadplex
    Updated: Aug 13
    Historic 4-Unit Victorian Quadplex

    2 Hillside Avenue, Summit, NJ 07901

    $1,800,000
    Legal four‑family Victorian residence built in 1890
    Four apartments with a 2 one‑bedroom, 1 two‑bedroom, and 1 three‑bedroom unit mix
    Seven bedrooms and five full bathrooms
    Kitchens and bathrooms updated during 2023–2024
    Three tenant‑occupied units have leases extending into 2027
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    Victorian-Style Duplex
    Victorian-Style Duplex

    600 Springfield Ave, Summit, NJ 07901

    $899,000

    Two residences share a welcoming entryway, with flexible living areas, private outdoor space, and month-to-month tenancy.

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    See what stands out in Union County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    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.

    Updated Three-Story Duplex
    Updated Three-Story Duplex

    23 Blaine St, Millburn, NJ 07041

    $1,525,000
    0.18 AC lot

    Two residential units offer renovated kitchens and baths, separate electrical panels, and full HVAC coverage.

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    Duplex with Two-Unit Layout
    Duplex with Two-Unit Layout

    26 Hillside Ave, Chatham, NJ 07928

    $950,000
    0.17 AC lot

    Two residential units include a vacant lower-level apartment, upper living space, basement storage, and substantial off-street parking.

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    Wide-Lot Duplex
    Wide-Lot Duplex

    20 Blaine St, Millburn, NJ 07041

    $1,700,000

    Two-family property with flexible outdoor space and convenient access to downtown amenities, schools, parks, shopping, dining, and transportation.

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    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.

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    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.

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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.

    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 $4,499,000.

    Sale prices for multifamily properties in Summit, NJ start at $899,000, averaging $1,499,666, 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 2

    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 $1.8M

    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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