Date
Details
Price
Change
Source
12/16/2025
Listed
$1,888,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,888,000
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Property 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!!!
Full Property Details
Full Property Details for 24 Franklin Pl
General
- Price: $1,888,000
- Taxes: $15,934 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4001836
- Updated: 12/16/2025
- Added to Site: 31 day(s) ago
Interior
- Number of Rooms: 23
- Interior Features: Blinds, Carbon Monoxide Detector, Carpeting, Fire Extinguisher, High Ceilings, Smoke Detector, Tile Floors, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 6
Exterior
- Exterior Features: Curbs, Deck, See Remarks, Sidewalk, Storm Window(s), Thermal Windows/Doors
Location
- County: Union
- Subdivision: Northside Downtown
- Driving Directions: Summit Ave or Beechwood rd to Franklin Place.
School Information
- Elementary School: Lincoln-Hubbard
- Middle School: Summit MS
- High School: Summit HS
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 3 Units, Baseboard - Hotwater, Radiators - Hot Water
- Heating Fuel: Electric, Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, Cable TV Available, Garbage Included
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Asphalt Shingles, Flat
- Square Feet: 3,712
- Year Built: 1898
- Remodeled/Updated: 2023
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 845
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 703
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
- Square Feet: 1443
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Unit 4
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room
- Square Feet: 721
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.27
- Lot Dimensions: 65 x 180
- Driveway/Sidewalk: 2 Car Width, Assigned, Blacktop
- Zoning: Residential
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $215,400
- Land Assmt: $150,400
- Tax Amount: $15,934
- Tax Year: 2024
Disclosures and Reports
- Exclusions: None
- Block: 3401
- Lot Number: 17
Listed by Weichert Realtors
We Value Your Privacy
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Listing agent
— 24 Franklin Pl —
Weichert Realtors
201-306-1357
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 24 Franklin Pl
School District:Summit City School District
| Name | Grades | Distance |
|---|---|---|
L C Johnson Summit Middle School 272 Morris Avenue, Summit, NJ 07901 | 6-8 | 0.4 mi |
Summit Sr High School 125 Kent Place Boulevard, Summit, NJ 07901 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24 Franklin Pl
Tax History
Tax History for 24 Franklin Pl
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,934
2%
$365,800
—
2022
$15,667
-1%
$365,800
—
2021
$15,792
-1%
$365,800
—
2020
$15,949
1%
$365,800
—
2018
$15,865
-1%
$365,800
—
2017
$15,967
1%
$365,800
—
2016
$15,733
2%
$365,800
—
2015
$15,426
-3%
$365,800
—
2019
$15,967
7%
$365,800
—
2013
$14,859
—
$365,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 24 Franklin Pl
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24 Franklin Pl, Summit, NJ 07901 (MLS# 4001836) is a Multi-Family property with 4 units containing 6 bedrooms and 5 full bathrooms. 24 Franklin Pl is currently listed for $1,888,000 and was received on December 16, 2025. Want to learn more about 24 Franklin Pl? Do you have questions about finding other Multi-Family real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.