182 Summit Ave Jersey City, NJ 07304

Multi-Family Home MLS #: 240007275 Courtesy Of Coldwell Banker Hoboken Office

$2,499,000

12 beds | 6 baths | 1 half baths
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Est. Property Tax: $14,660
Estimated monthly payments: $12,146/mo.* (recalculate)

Property InformationDescription

**Income-Producing Multi-Family Opportunity with Development Potential** Located on bustling Summit Avenue, this versatile property offers an incredible investment opportunity. Currently configured as an income-producing multi-family with split utilities, the property features bounce units ideal for owner-occupants or the potential to tear down and develop into condos. **Prime Location** Situated near transportation hubs, restaurants, parks, and all the amenities Summit Avenue has to offer, this property is in the heart of the action. **Parking and Garage** The property boasts ample parking with 5 spots in the front and a convenient 2-car detached garage in the back, providing added convenience and value. **Under Market Rent** Currently collecting under market rent, there is potential to increase income immediately. **Development Potential** With its flexible layout and development-friendly location, this property presents a rare chance to capitalize on the booming real estate market in the area.
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182 Summit Ave, Jersey City, NJ 07304
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School Information

182 Summit Ave, Jersey City, NJ 07304

Elementary School
Grades PK-8 | Public School
JOSEPH H. BRENSINGER ELEMENTARY SCHOOL
Jersey City, NJ 07304
600 Bergen Ave
201.­915.6120
Distance: 0.3 mi
School Rating
B
Student:Teacher Ratio
13:1
Total Students
1187
Middle School
Grades PK-8 | Public School
JOSEPH H. BRENSINGER ELEMENTARY SCHOOL
Jersey City, NJ 07304
600 Bergen Ave
201.­915.6120
Distance: 0.3 mi
School Rating
B
Student:Teacher Ratio
13:1
Total Students
1187
High School
Grades 9-12 | Public School
ABRAHAM LINCOLN HIGH SCHOOL
Jersey City, NJ 07304
60 Crescent Ave
201.­915.6700
Distance: 0.4 mi
School Rating
D
Student:Teacher Ratio
16:1
Total Students
880
Other Nearby Schools Distance Type Grades School Rating
Julia A. Barnes School 0.3 mi Public PK-5 B-
County Preparatory High School 0.3 mi Public 9-12 A-
Hudson Catholic Regional High School 0.3 mi Private 9-12
Primary Preparatory Elementary School 0.4 mi Private PK-9
Academy Of Technology Design 0.4 mi Public 9-12 C
Regional Day School 0.4 mi Public PK-12
Beloved Community Charter School 0.5 mi Public KG-10 B
Learning Community Charter School 0.5 mi Public PK-8 A
Martin Luther King Jr. School 0.5 mi Public PK-8 C-
Rev. Dr. Ercel F. Webb School 0.6 mi Public PK-5 C-
Dr Lena Edwards Academic Charter School 0.6 mi Public KG-8 D+
James J. Ferris High School 0.6 mi Public 9-12 D-
St Aloysius Elementary Academy 0.7 mi Private PK-8
St Aloysius Elementary Academy 0.7 mi Private PK-8
Dr. Michael Conti School 0.7 mi Public PK-8 D
St Joseph Elementary School 0.8 mi Private PK-8
Beregen-lafayette Montessori School 0.8 mi Private PK-3
Ollie Culbreth Jr. School 0.8 mi Public PK-8 D
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Jersey City, NJ 07304

Median Age: 35.4
Married: 40%
Number of Households: 16,442
Households with Children: 36.8%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home