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
$1,688,000
- 6 Beds
- 5 Baths
- 3,712 sq. ft.
- Multi-family
- Active
Listed by: arlene gorman gonnella
Office: weichert realtors973-376-4545
MLS#:4017192
Source:NJ_GSMLS
Price summary
- Price:$1,688,000
- Price per sq. ft.:$454.74
About this home
Welcome to a sun-filled & well-maintained four-unit multifamily home w/ 4 vacant units, can possibly be converted to 5 units or converted to Condo! Zoned TH3, great potential, a front lawn & backyard, located in heart of Summit, 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 flr has 2 one-bedrm apartment units. Unit A has 1 bedroom, 1 bath, & 1 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 kitchen w/ large dining area. The entire 2nd floor is a newly remodeled 3 bedr00m 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 baths, 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 bedrm is & 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 #:4017192
- Added:48 day(s) ago
- Updated:May 15, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:23
- Basement Description:Basement, Full, Unfinished
- 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
- Lot Features:Level Lot
- Architectural Style:3-Three Story
- Construction Materials:Aluminum Siding
- Exterior Features:Curbs, Deck, Sidewalk, Storm Window(s), Thermal Windows/Doors
Schools
- High school:Summit HS
- Middle school:Summit MS
- Elementary school:Lincoln-Hubbard
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,688,000
- Price per sq. ft.:$454.74
- Tax amount:$16,354 (2025)
Features and amenities
- Amenities:Blinds, Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Gas-Natural, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Parking
- Parking description:2 Car Width, Assigned, Blacktop Driveway
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