3

Summit, NJ Multifamily Homes & Duplexes for Sale

Section Image
  • /42

    $1,800,000

    • 7 Beds
    • 5 Baths

    2 Hillside Ave, Summit, NJ 07901

    It really doesn't get better than this! Rare legal 4-family investment property just .3 miles from the heart of downtown Summit, offering an exceptional combination of location, character, and income potential. This stately 1890 Victorian features 7 bedrooms and 5 full baths across four apartments: two 1-bedroom units, one 2-bedroom unit and one 3-bedroom unit. Three units are tenant occupied

    Ian Wolf KELLER WILLIAMS REALTY METROPOLITAN

    2 Hillside Ave, Summit, NJ 07901
  • /23

    $1,050,000

    • 6 Beds
    • 4 Baths

    57 Morris Ave, Summit, NJ 07901

    RARE chance for you to own a turnkey 2 family rental property in Summit!! This house was extensively renovated in 2024 and features two side by side units, each with 2 floors of living. Each unit has 3 beds 1.5 baths, both with in-unit laundry and both with their own separate storage space in the basement. All of the plumbing in the home was re-done, the kitchens are brand new with quartz

    Peter Tverdov TVERDOV HOUSING

    57 Morris Ave, Summit, NJ 07901
  • /11

    $899,000

    • 4 Beds
    • 3 Baths

    600 Springfield Ave, Summit, NJ 07901

    Charming Victorian-style, 2-Family, Mother/Daughter home offers an excellent opportunity for investors, builders, or end users in a highly desirable location - close to train, schools, and Summit's vibrant downtown. A welcoming front porch with seating leads to a spacious common entryway serving both residences. The first-floor unit features 2-3 generously sized bedrooms, a full bath, kitchen

    KELLY O KELLY PROMINENT PROPERTIES SIR

    600 Springfield Ave, Summit, NJ 07901

Why Live in Summit

Summit, New Jersey, located 23 miles east of Manhattan, offers a small-town atmosphere with a rich history and vibrant downtown. Known for its nationally recognized schools, including Lincoln-Hubbard Elementary School, Summit Middle School, and Summit Senior High School, the area is a draw for families. The high school is notable for its award-winning performing arts department and nationally ranked lacrosse team. Summit's housing market features a range of Colonials and Craftsman-style homes, often renovated to maintain their historical integrity. The city boasts a low crime risk compared to the national average, enhancing its appeal.

For those seeking things to do, Summit offers numerous parks such as Briant Park, which includes picnic areas, athletic fields, and a pond for seasonal activities. The Summit Community Center, renovated in 2019, provides various amenities including gyms and a game room. The Union County Open Space & Recreation Park offers access to the expansive Watchung Reservation, ideal for hiking and horseback riding. Downtown Summit, particularly Springfield Avenue, is lined with diverse dining options like Roots Steakhouse and Ani Ramen, as well as unique shops such as Scotti's Record Shop. The Summit Farmers Market is a popular spot from late April to Thanksgiving.

Cultural attractions include the historic Summit Opera House and the Summit Playhouse, one of the oldest continuously operating amateur theaters in the U.S. The Visual Arts Center of New Jersey offers workshops and summer camps. Commuters benefit from two train stations providing access to New York City, as well as bus services to Newark and Manhattan. Newark Liberty International Airport is about 15 minutes away via I-78.

Home Price Trends

Median Sale Price
$1,618,750
Median Single Family Sale Price
$1,700,000
Median Townhouse Sale Price
$1,275,000
Median 2 Bedroom Sale Price
$607,500
Median 1 Bedroom Sale Price
$390,000
Average Price Per Sq Ft
$803
Number of Homes for Sale
28
Last 12 months Home Sales
206
Months of Supply
1.60
Median List Price
$1,450,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%
How to Buy a Home How to Finance a Home How to Sell a Home