About this home

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.

Facts and features

Schools

• L C Johnson Summit Middle School

  middle · 6-8 · 0.4 mi

  8

• Summit Sr High School

  high · 9-12 · 0.5 mi

  9

• Lincoln Hubbard Elementary School

  elementary · 1-5 · 0.1 mi

  9

• Kent Place School

  elementary · K-12 · 0.3 mi

• Cpc Weekday Nursery School & Kindergarten

  elementary · PK-K · 0.3 mi

• Oratory Preparatory School

  middle · 7-12 · 0.5 mi

Price history

• Sep 19, 2026 · Listing Removed—
• Aug 13, 2026 · Listed$1,800,000
• Aug 12, 2026 · Listed$1,800,000
• Apr 18, 2025 · Listing Removed$2,750
• Apr 2, 2025 · Listing Removed—
• Apr 1, 2025 · Listed For Rent$2,750
• Feb 1, 2025 · Listed For Rent$3,500
• Jun 10, 2023 · Listing Removed—

Tax history

• 2025$17,852 tax · $399,300 assessed
• 2024$17,393 tax · $399,300 assessed
• 2023$17,277 tax · $399,300 assessed
• 2022$17,102 tax · $399,300 assessed
• 2021$17,237 tax · $399,300 assessed
• 2020$17,409 tax · $399,300 assessed
• 2019$17,429 tax · $399,300 assessed
• 2018$17,317 tax · $399,300 assessed

Home value

$1,884,080

• Quantarium$1,884,080
• Cotality$1,897,300
• Collateral Analytics$1,782,000

Where it is