Property
Beds
7
Full Baths
5
1/2 Baths
None
Year Built
1890
Sq.Footage
4,239
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.
Features & Amenities
Interior
-
Other Interior Features
Walk-In Closet(s)
-
Total Bedrooms
7
-
Bathrooms
5
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Baseboard, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Stone, Vinyl Siding
-
Parking
Off Street, Detached
-
Patio and Porch Features
Deck, Porch
-
Pool
No
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.17
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Fourplex
Price
-
Sales Price
$1,800,000
-
Tax Amount
$17,852
-
Zoning
R-10
-
Sq. Footage
4,239
-
Price/SqFt
$424
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
Lincoln-Hubbard
-
Middle School
Summit MS
-
High School
Summit HS
Property Features
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Union
Elementary School
Lincoln-Hubbard
Middle School
Summit MS
High School
Summit HS
Listing Courtesy of None, KELLER WILLIAMS METROPOLITAN
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FOUNDER
Patrick Bolger
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