475 Morris Ave Summit, NJ 07901
Estimated payment $5,279/month
About This Home
Prime Summit true Two-Family -not converted space! Spacious 2-bedroom, 1-bath units with hardwood floors, high ceilings, tons of natural light, and lots of character. Windows have been replaced and the home features vinyl siding for low maintenance. Shared basement with laundry & storage and parking for 4 cars. Separately metered utilities for added convenience. Updates include roof (2014), new electrical panel, and hot water heaters (2017 & 2018). Strong rental history and in close proximity to downtown Summit, train, shops, and restaurants a great investment opportunity! Property being sold in as is condition with no known defects.
Listing Agent
COLDWELL BANKER REALTY Brokerage Phone: 201-602-1132 Listed on: 10/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,405
Year Built
- Built in 1900
Lot Details
- 4,356 Sq Ft Lot
Home Design
- Vinyl Siding
Interior Spaces
- Ceiling Fan
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 4 Parking Spaces
- Off-Street Parking
Schools
- Washington Elementary School
- Summit Middle School
- Summit High School
Utilities
- Window Unit Cooling System
- Multiple Heating Units
- Radiator
Listing and Financial Details
- Assessor Parcel Number 2918-00507-0000-00003-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,405 | $170,000 | $76,600 | $93,400 |
| 2024 | $7,356 | $170,000 | $76,600 | $93,400 |
| 2023 | $7,356 | $170,000 | $76,600 | $93,400 |
| 2022 | $7,281 | $170,000 | $76,600 | $93,400 |
| 2021 | $7,339 | $170,000 | $76,600 | $93,400 |
| 2020 | $7,412 | $170,000 | $76,600 | $93,400 |
| 2019 | $7,421 | $170,000 | $76,600 | $93,400 |
| 2018 | $7,373 | $170,000 | $76,600 | $93,400 |
| 2017 | $7,421 | $170,000 | $76,600 | $93,400 |
| 2016 | $7,312 | $170,000 | $76,600 | $93,400 |
| 2015 | $7,169 | $170,000 | $76,600 | $93,400 |
| 2014 | $6,984 | $170,000 | $76,600 | $93,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/28/2025 10/28/25 | Pending | -- | -- | -- | |
| 10/16/2025 10/16/25 | For Sale | $889,000 | +138.3% | -- | |
| 02/21/2012 02/21/12 | Sold | $373,000 | -- | -- | View Prior Sale |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $373,000 | None Available | |
| Deed | $220,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $275,000 | New Conventional | |
| Previous Owner | $204,500 | FHA |
Source: Garden State MLS
MLS Number: 3992157
APN: 18-00507-0000-00003
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