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$1,888,000

2 months ago

6 Bed

5 Bath

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MLS® 4001836

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $15,934
Days Active 53
Lot Size 0.27 acres
Approx. Age 1898
MLS® Number 4001836

Property Address: 24 Franklin Pl, Summit, NJ, 07901-3657

Average square foot calculated using Size range provided by listing agent.

Description

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!!!
MLS® Number4001836
Laundry Level
Central VacNo
FireplaceNo
Acreage0.27
Exterior
GarageNo
Approx. Age1898
BasementFull, Unfinished
Driveway2 Car Width, Assigned, Blacktop
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 16, 2025List Date
$1,888,000List Price
  • Commute

Commute

Starting Address
Destination Address
24 Franklin Pl, Summit, NJ

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