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    Summit, NJ
    Residential Income

    Summit, NJ Residential Income Properties for Sale

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    Chatham, NJ Mountainside, NJ Springfield, NJ New Providence, NJ Millburn, NJ Chatham Twp, NJ Westfield, NJ Madison, NJ
    Four-Unit Victorian Quadplex
    Updated: Aug 12
    Four-Unit Victorian Quadplex

    2 Hillside Ave, Summit, NJ 07901

    $1,800,000
    4,239 sqft 0.17 AC lot
    Four apartments with 7 bedrooms and 5 full baths in a 4,239‑square‑foot 1890 Victorian
    Unit mix includes two 1‑bedroom, one 2‑bedroom, and one 3‑bedroom apartment
    Three units have leases extending into 2027; owner occupies the remaining 1‑bedroom unit
    Kitchens and baths updated during 2023‑2024
    0.3 miles from downtown Summit and across the street from the Farmers Market
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    This listing looks promising.

    Here's a quick look at some key insights for

    2 Hillside Ave, Summit City, NJ 07901-1934

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    • Est. Cap Rate

      3.9%
      NOI ÷ price

    • Est. NOI

      $71K
      Annual

    • Price @ 7% Cap

      $1.01M
      Suggested

    • Property Type

      Single Family Residence
      Built 1890
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    Victorian Quadplex with Updated Interiors
    Updated: Aug 13
    Victorian Quadplex with Updated Interiors

    2 Hillside Avenue, Summit, NJ 07901

    $1,800,000
    Four‑apartment 1890 Victorian with 7 bedrooms and 5 full baths
    Unit mix includes two 1‑bedroom, one 2‑bedroom, and one 3‑bedroom apartment
    Kitchens and baths updated during 2023‑2024
    Three units have leases extending into 2027
    Each apartment includes basement storage and one off‑street parking space
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    Victorian Quadplex with Updated Interiors
    Victorian Quadplex with Updated Interiors

    2 Hillside Ave, Summit, NJ 07901

    $1,800,000

    Four apartments combine modernized kitchens and baths with preserved Victorian architectural details.

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    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.

    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    23 Blaine St, Millburn, NJ 07041

    $1,525,000
    0.18 AC lot

    Updated duplex with steam heat and ductless cooling, served by public water and public sewer.

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    Two-Unit Duplex with Basement and Parking
    Two-Unit Duplex with Basement and Parking

    26 Hillside Ave, Chatham, NJ 07928

    $950,000
    0.17 AC lot

    Legal two-family duplex featuring a full basement, washer/dryer, and off-street parking, built in 1897.

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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.

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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.

    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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    Land with Development Potential
    Land with Development Potential

    549 Jerusalem, Scotch Plains, NJ 07076

    $2,400,000
    1.60 AC lot

    Large lot suitable for subdivision in a desirable location.

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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, Irvington, NJ 07111

    $300,000
    0.09 AC lot

    Vacant lot with approved plans for immediate construction.

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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 $5,400,000.

    Sale prices for residential income properties in Summit, NJ average $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 7
    Duplexes 3
    Quadplexes 3
    Short term rental properties 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)

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