24 Franklin Pl, Summit, NJ 07901
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
24 Franklin Pl,Summit City, NJ 07901
$1,888,000
- 6 Beds
- 5 Baths
- 3,712 sq. ft.
- Multi-family
- Active
Listed by: arlene gorman gonnella
Office: weichert realtors
MLS#:4001836
Source:NJ_GSMLS
Price summary
- Price:$1,888,000
- Price per sq. ft.:$508.62
About this home
Welcome to a sun-filled & well-maintained four-unit multifamily home with 3 vacant units, (can be delivered fully vacant), a front lawn & backyard, located in the heart of Summit, a short walk to Summit Train Station & Downtown. Ideal for owners/renters who commute to Manhattan, Wall Street, etc. The Summit schools are highly rated & among the Best. The 1st floor has 2 one-bedroom apartment units. Unit A has one bedroom, one bath, & one living room sun drenched by panoramic bay-window. The living room & bedroom are separated by a French door. These rooms are spacious. Apartment B has one bedroom, one living room, a bath & one large oversized kitchen w/ large dining area. The entire 2nd floor is a newly remodeled 3 bedroom unit w/ a huge living room, ideal for owner occupancy or rental. The spaciously remodeled kitchen, the new wood floors In living room & spacious 3 bedrooms add to the charm of this beautiful unit. The coffered ceiling adds to the beauty of this unit. 2 bathrooms, 3 bedroom rental units are rare & valuable in Summit, commanding premium rents. On the 3rd floor is the remodeled 4th unit w/new HW floors. The bedroom is comfortable & the living room is spacious. The new kitchen has new appliances. This building commands premium rents due to proximity to train station & downtown. The 8 parking spaces bring in additional income, commuters prefer to rent the assigned spaces. Possible conversion to 5 units & condo plans drawn up by architect. Great Potential!!!
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Home facts
- Year built:1898
- Listing ID #:4001836
- Added:1 day(s) ago
- Updated:December 17, 2025 at 12:58 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:5
- Living area:3,712 sq. ft.
Heating and cooling
- Cooling:Wall A/C Unit(s)
- Heating:3 Units, Baseboard - Hotwater, Radiators - Hot Water
Structure and exterior
- Roof:Asphalt Shingle, Flat
- Year built:1898
- Building area:3,712 sq. ft.
- Lot area:0.27 Acres
Schools
- High school:Summit HS
- Middle school:Summit MS
- Elementary school:Lincoln-Hubbard
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,888,000
- Price per sq. ft.:$508.62
- Tax amount:$15,934 (2024)
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