Summit, NJ Real Estate Search

Summit, NJ Multi-Family Homes for Sale

Real estate in Summit, NJ, particularly in the multi-family home segment, offers a unique opportunity for investors and families alike. This picturesque town, known for its vibrant downtown area and excellent school system, attracts those looking to capitalize on rental income or find spacious living arrangements. Multi-family homes in Summit often feature a blend of historic architecture and modern amenities, making them appealing to a diverse demographic. With easy access to public transportation and an array of local shops, restaurants, and parks, the demand for multi-family properties here remains strong. As the town continues to grow and evolve, it presents a compelling market for potential buyers seeking both lifestyle and investment possibilities in the heart of New Jersey.

Our website features the best real estate search for multi-family homes available in Summit, NJ and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Summit, NJ Multi-Family Homes for Sale

$1,050,000
6 Beds ⋅ 2.2 Baths ⋅ 4051387 MLS
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 countertops and new appliances. The floors are re-done and new. The siding is new. The open concept floor plan in the kitchen and living room is a rare feature to tenants. The parking in the rear is a huge selling point as it comfortably fits up to 6 cars. Currently rented out with a total annual rent of $74,916. Located half a mile from the hospital and a mile from downtown and the train station, when you add in the ranked schools in Summit this is the gem in your portfolio that you have been waiting for or maybe that opportunity to finally own in this amazing town! Do not delay, this will not last! Owner is a licensed real estate broker of record.

57 Morris Ave, Summit City
$899,000
4 Beds ⋅ 3 Baths ⋅ 4051134 MLS
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 with table, flex space perfect for a dining room, office, or play area, and a large family room or potential 3rd bedroom which opens to the deck. This unit also includes the basement with additional recreation space, a full bath, laundry, and ample storage. The second-floor unit features 2 large bedrooms, a full bath, sun-filled living room, kitchen, and washer/dryer. Current tenants are month-to-month, providing flexibility for future owner. Recent updates include 2 water heaters, a boiler, newer driveway and roof. Property is being sold strictly "as-is," buyers encouraged to conduct their own due diligence and explore this wonderful home's potential and possibilities. A rare opportunity to make this versatile property your own! Please note some photos are virtually enhanced.

600 Springfield Ave, Summit City
$1,800,000
7 Beds ⋅ 5 Baths ⋅ 4046563 MLS
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.

2 Hillside Ave, Summit City
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