$1,688,000

24 Franklin Pl, Summit City, NJ 07901

  • 6 beds |
  • 5 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1898
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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!

Listing Status:
Active
Data Last Updated:
May 10, 2026 at 12:40PM
Listing Office:
WEICHERT REALTORS : 973-376-4545
MLS ID:
4017192
  • General: BlindsCarbon Monoxide DetectorCarpetingFire ExtinguisherHigh CeilingsSmoke DetectorTile FloorsWood Floors
  • Basement: FullUnfinished
  • A/C: Window A/C(s)
  • Heating: 3 UnitsBaseboard - HotwaterRadiators - Hot WaterElectricGas-Natural
  • General: Aluminum SidingCurbsDeckSee RemarksSidewalkStorm Window(s)Thermal Windows/Doors
  • Parking: Parking spaces: 8
  • Roofing: Asphalt ShingleFlat
  • County: Union
  • Driveway: 2 Car WidthAssignedBlacktop
  • Zoning: Residential2918-03401-0000-00017-0000-
  • Utilities: ElectricGas-Natural
  • Water: Public Water
  • Sewer: Public Sewer
  • Exclusions: None

This listing courtesy of WEICHERT REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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