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In-PersonVirtual Tour

Lisa Turek

lturek@njlre.com +1(917) 825-6470

$ 1,800,000

Est. payment | -/mo

7 Beds

5 Baths

4,239 SqFt

Save Virtual Tour

$ 1,800,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

5 Baths

4,239 SqFt

Open House

Sat Aug 15, 11:00am - 12:00pm

Sun Aug 16, 11:00am - 12:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 4,239 sqft

Price per Sqft $424

Subdivision Northside

MLS Listing ID 4046563

Style Fourplex

Bedrooms 7

Full Baths 5

Year Built 1890

Annual Tax Amount $17,852

Tax Year 2025

Lot Size 7,405 Sqft

Property Description

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 with leases extending into 2027, while the owner-occupied 1-bedroom has a projected market rent of approximately $2,100. Kitchens and baths throughout were updated in 2023-2024, blending modern finishes with the home's original Victorian character. Tenants pay their own electric plus a monthly utility charge toward other building utilities. Each apartment has dedicated basement storage and one off-street parking space. Additional highlights include a detached garage, shared pay-per-use laundry, approximately 5-year-old boiler, two 2020 water heaters and approximately 10-year-old roof. Period details, including decorative fireplaces (as-is), stained glass and a beautiful covered front porch, add to the appeal. An extraordinarily convenient location just moments from Summit's vibrant downtown, NJ Transit, restaurants, shopping, Farmers Market (across the street) and more. A truly special opportunity in one of Summit's most desirable locations. Please note that some of the interior apartment photos have been digitally altered to remove tenants' belongings. Fire Places are as-is.

Location

State NJ

County Union

Zoning R-10

Rooms

Basement Bilco-Style Door, Unfinished, Walkout

Interior

Interior Features Carbon Monoxide Detector, Fire Alarm Sys, See Remarks, Skylight, Smoke Detector, Tile Floors, Walk-In Closet, Wood Floors

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Stone, Vinyl Siding

Parking Features Detached Garage

Garage Spaces 1.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner, Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style Fourplex

Schools

Elementary Schools Lincoln-Hubbard

Middle Schools Summit Ms

High Schools Summit Hs

Others

Senior Community No

Virtual Tour https://www.seetheproperty.com/r/495718

Listed by KELLER WILLIAMS METROPOLITAN

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(917) 825-6470

lturek@njlre.com

830 Morris Turnpike Suite 487 Short Hills NJ 07078

2 Hillside Ave Summit City, NJ 07901