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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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57 Park Ave , Summit City, NJ 07901
$1,900,000
Est. Payment: $9,669.49/mo
0 Bed
2.5 Bath
4300 Sqft
Status: active | Days on site: 18
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Susan Maryanski
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House Description

Prime Investment Opportunity " 57 Park Ave, Summit, NJ Welcome to an exceptional multi-family property located in the highly sought-after town of Summit. This well-positioned asset features 5 residential units, consisting of two 1-bedroom apartments and three 2-bedroom apartments, offering a solid and diverse rental mix with strong income potential. Situated in a prime location, the property is just minutes from downtown, shopping, dining, and major transportation making it highly desirable for tenants and ensuring consistent demand. What truly sets this property apart is its value-add potential. The basement currently includes an additional 2-bedroom layout, presenting the opportunity for a 6th unit. With proper approvals, including transitioning to 4A zoning, this could significantly increase rental income and overall property value. Highlights 5 Existing Units (2 one-bedrooms, 3 two-bedrooms) Prime Summit Location Strong Rental Demand Area Value-Add Opportunity with Potential 6th Unit Basement Layout Ready for Conversion (subject to approvals) Ideal for Investors Looking to Increase Cash Flow This is a rare chance to acquire a property in one of Union County's most desirable markets with built-in upside. Property also features a well-maintained common laundry area equipped with two coin-operated machines, providing added convenience for tenants and additional income potential.
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Highlights

Listed by PHILIP DATTOLO , MP HIGHMARK REAL ESTATE , 973-625-8175. Garden State MLS

Property Type

Commercial Sale
Lot/Acreage
0.08

Year Built

1910

County

Union

Listing ID

4016804

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:2.5
  • ▪ Full Bathrooms:
  • ▪ 1/2 Bathrooms:5
Air Cond:Central Air,Window A/C(s)
Fireplaces:
Basement:Finished,Storage,Walkout
Other:Public Water

Exterior Features

Lot Dimensions:41X87
Zoning:R-5
Roof:Flat
Others:Brick/Block,Vinyl Siding
Sewer:Public Sewer
Parking Features:Blacktop,See Remarks
Principal Interest
$9,669
Taxes
$1,276

Home Price

$1,900,000

Loan Details

30 yrs
6.562%

Down Payment

20%
$380,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,669.49

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,669.49 $1,276.42 $0.00 $10,945.91
Yearly $116,033.93 $15,317.00 $0.00 $131,350.93
Total $3,481,018.04 $459,510.00 $0.00 $3,940,528.04

Today's Rates

30 Year

6.56%

20 Year

6.5%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Summit City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-21T23:37:13.000Z

© 2026 Garden State MLS