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    Summit, NJ
    Residential Income

    Summit, NJ Residential Income Properties for Sale

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    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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    4-Unit Residential Property
    4-Unit Residential Property

    2 Hillside Ave, Summit, NJ 07901

    $1,800,000

    R-10-zoned property with baseboard heating and a natural gas water heater.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 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.

    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.

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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.

    Scotch Plains Development Opportunity
    Scotch Plains Development Opportunity

    401 Acacia Road, Scotch Plains, NJ 07076

    $3,500,000
    6.37 AC lot

    6.37 acres in Scotch Plains, endless development potential.

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    Development Opportunity Overlooking Golf Course
    Development Opportunity Overlooking Golf Course

    1 Pierson Rd, Maplewood, NJ 07040

    $1,900,000
    1.47 AC lot

    Rare 1.47-acre development site with golf course views.

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    Approved Plans for Two-Family Home
    Approved Plans for Two-Family Home

    119 Brookside Ave, Irvington, NJ 07111

    $300,000
    0.09 AC lot

    Vacant lot with approved plans for immediate construction.

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    Commercial Land with Development Potential
    Commercial Land with Development Potential

    1594 Maple Ave, Hillside, NJ 07205

    $599,900

    Land with frontage in RC Zone, development possibilities.

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    Summit, NJ Residential Income Properties Market Trends and Statistics

    Explore 3 residential income 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 residential income 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

    Multifamily properties 5
    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 $1.5M

    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

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    Residential Income

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