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$1,495,000
17 Days On Site

57 Park Ave
Summit City, NJ 07901

For Sale|Multi Family|Active
10
Beds
6
Total Baths
5
Full Baths
1
Partial Bath
1910
Built
County:
Union

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(201) 889-1734
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Sun, Nov 15, 1:00 PM - 4:00 PM
57 Park Ave57 Park Ave57 Park Ave57 Park Ave
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FULLY OCCUPIED 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!!!

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Listing Snapshot
Price 
$1,495,000
Days On Site 
17 Days
Bedrooms 
10
Inside Area (SqFt) 
N/A
Total Baths 
6
Full Baths 
5
Partial Baths 
1
Lot Size 
0.08 Acres
Year Built 
1910
MLS Number 
4061603
Status 
Active
Property Tax 
$15,317
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Active
a week agoListing updated with changes from the MLS
3 weeks agoListing first seen on site
General Features
Acres 
0.08
Carport 
4
Parking 
Shared Driveway
Parking Spaces 
4
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Style 
See Remarks
Utilities 
Underground Utilities
Water Source 
Public
Interior Features
Basement 
Finished
Heating 
Natural Gas
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Exterior Features
Construction Details 
BrickMetal Siding
Schools
School District
Unknown
Elementary School
Summit MS
Middle School
Summit HS
High School
Unknown
Listing courtesy of ELITE REALTORS OF NEW JERSEY

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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