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Ataullah Barnes

ataullah@rogprodigy.com +1(973) 277-2575

$1,495,000

Est. payment - /mo

10 Beds

5.5 Baths

3,484 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID 4061603

Style See Remarks

Bedrooms 10

Full Baths 5

Half Baths 1

Year Built 1910

Annual Tax Amount $15,317

Tax Year 2025

Lot Size 3,484 Sqft

Property 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!!!

Location

State NJ

County Union

Rooms

Basement Finished

Interior

Heating Gas-Natural

Cooling Wall A/C Unit(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick, Metal Siding

Utilities Available All Underground

Roof Type Flat

Garage No

Building

Sewer Public Sewer

Water Public Water

Architectural Style See Remarks

Schools

Elementary Schools Summit Ms

Middle Schools Summit Hs

Others

Senior Community No

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Ataullah Barnes

+1(973) 277-2575

Broker License ID: 0454603

57 Park Ave Summit City, NJ 07901

Ataullah Barnes

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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57 Park Ave