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    • Price cut: $140K (3/27)
    $1,748,000

    24 Franklin Pl, Summit City, NJ 07901

    6beds
    3,712sqft
    : 
    Multi Family
    Built in 1898
    -- sqft lot
    $-- Zestimate®
    $471/sqft
    $-- HOA

    What's special

    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!
    6 days
    |
    1,693
    |
    24
    |

    Zillow last checked: 13 hours ago

    Listing updated: March 27, 2026 at 06:59am

    Listed by:

    Arlene Gorman Gonnella 201-306-1357,

    Weichert Realtors

    Source: GSMLS,MLS#: 4017192MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • 3 Units, Baseboard - Hotwater, Radiators - Hot Water, Electric, Natural Gas
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Dishwasher, Exhaust Fan, Range/Oven - Gas, Refrigerator, Kitchen Exhaust Fan, Gas Water Heater
      Features
      • High Ceilings, Bedrooms, Eat-in Kitchen, Living Room, Eat-In Kitchen, Master Bedroom
      • Flooring: Carpet, Tile, Wood
      • Windows: Storm Window(s), Thermal Windows/Doors, Blinds
      • Basement: Yes,Full,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 3,712
      • Total interior livable area: 3,712 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: 2 Car Width, Assigned, Asphalt
      • Uncovered spaces: 8
      Features
      • Levels: 3-Three Story
      • Stories: 3
      • Patio & porch: Deck
      • Exterior features: Curbs, See Remarks, Sidewalk
      Lot
      • Size: 0.27 Acres
      • Dimensions: 65 x 180
      • Features: Level
      Details
      • Parcel number: 2918034010000000170000
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding
      • Roof: Asphalt Shingle,Flat
      Condition
      • Year built: 1898
      • Major remodel year: 2023

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available, Garbage Included

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
      • Subdivision: Northside Downtown
      Location
      • Region: Summit

      Financial & listing details

      • Price per square foot: $471/sqft
      • Tax assessed value: $365,800
      • Annual tax amount: $16,354
      • Date on market: 3/27/2026
      • Exclusions: None
      • Total actual rent: 1650
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,699/mo

        Price history

        Price history
        DateEventPrice
        3/27/2026Price change$1,748,000-7.4%$471/sqft
        Source: GSMLS #4017192 Report a problem
        12/16/2025Listed for sale$1,888,000$509/sqft
        Source: GSMLS #4001836 Report a problem
        7/14/2025Listing removed$2,250$1/sqft
        Source: Zillow Rentals Report a problem
        6/28/2025Listed for rent$2,250-1.1%$1/sqft
        Source: Zillow Rentals Report a problem
        10/20/2023Listing removed--
        Source: Zillow Rentals Report a problem
        10/4/2023Listed for rent$2,275+63.1%$1/sqft
        Source: Zillow Rentals Report a problem
        12/5/2019Listing removed$1,395
        Source: Hunt.com Report a problem
        11/19/2019Listed for rent$1,395
        Source: Hunt.com Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$15,934 $365,800
        2024$15,934 +0.7%$365,800
        2023$15,828 +1%$365,800
        2022$15,667 -0.8%$365,800
        2021$15,792 -1.1%$365,800
        2020$15,967 +0.6%$365,800
        2019$15,865 -0.6%$365,800
        2018$15,967 +1.5%$365,800
        2017$15,733 +2%$365,800
        2016$15,426 +2.7%$365,800
        2015$15,027 +1.1%$365,800
        2014$14,859 +6.1%$365,800
        2012$14,007 +2.4%$365,800
        2011$13,677 +4.2%$365,800
        2010$13,129 +4.5%$365,800
        2009$12,565 $365,800
        2008-- $365,800
        2007$12,093 $365,800
        2006-- $365,800
        2005-- $365,800
        2004-- $365,800
        2003-- $365,800
        2002-- $365,800
        2001-- $365,800

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $12,000/mo
        Principal & interest
        $9014
        Property taxes
        $2986
        More affordability tools

          Climate risks

          Neighborhood: 07901

          Getting around

          82 / 100
          Very Walkable
          44 / 100
          Some Transit
          26 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Lincoln-hubbard
          • Middle: Summit Ms
          • High: Summit Hs

          Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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