57 Park Ave

Summit City, NJ 07901


 

Price: $1,495,000

GSMLS:  4061603
Type: Multi-Family
Style: See Remarks
Total Units: 4
Beds: 10
Baths: 5 Full & 1 Half
Garage: No
Year Built: Unknown
Acres: 0.08
Property Tax: $15,317
Description
Exceptional multifamily investment opportunity in the highly desirable City of Summit, NJ! This property features 5 legal residential units with the potential for a 6th unit, subject to municipal approvals. The building offers a desirable unit mix of five 2-bedroom apartments and one 1-bedroom apartment, including the potential 6th unit. Ideally located approximately 10 minutes from the Summit train station and just 5 minutes from the vibrant downtown district, offering convenient access to an outstanding selection of restaurants, boutique shops, cafes, entertainment, and everyday amenities. Summit is known for its charming downtown, beautiful parks, thriving local businesses, and excellent transportation options, including NJ Transit's Midtown Direct service to New York City. Conveniently located near major highways, including Routes 24 and 78, providing easy access throughout Northern New Jersey. This property presents an excellent opportunity for investors seeking an income-producing asset with additional value-add potential in one of Union County's most sought-after communities. A rare opportunity to own a multifamily property in a prime Summit location!!!
General Info
Style:
See Remarks
SqFt Building:
n/a
Total Rooms:
30
Basement:
Yes - Finished
Interior:
n/a
Roof:
Flat
Exterior:
Brick, Metal Siding
Lot Size:
41X87
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Blacktop, Driveway-Shared
Spaces Available:
4
Unit 1
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
See Remarks
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
See Remarks
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
See Remarks
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
See Remarks
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, Range/Oven - Gas, Refrigerator, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
All Underground
Services:
n/a
School Information
Elementary:
Summit MS
Middle:
Summit HS
High School:
n/a
Community Information
County:
Union
Town:
Summit City
Neighborhood:
n/a
Financial Considerations
List Price:
$1,495,000
Tax Amount:
$15,317
Land Assessment:
$67,400
Build. Assessment:
$275,200
Total Assessment:
$342,600
Tax Rate:
4.47
Tax Year:
2025
Listing Information
MLS ID:
4061603
List Date:
10-28-2026
Days On Market:
2
Listing Broker:
ELITE REALTORS OF NEW JERSEY
Listing Agent:
Philip Dattolo
 

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