24 Franklin Place Summit, NJ 07901
Estimated payment $11,259/month
Highlights
- Deck
- Wood Flooring
- Thermal Windows
- L C Johnson Summit Middle School Rated A+
- High Ceiling
- Storm Windows
About This Home
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!!!
Listing Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS Brokerage Phone: 201-306-1357 Listed on: 12/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,934
Year Built
- Built in 1898 | Remodeled
Lot Details
- 11,761 Sq Ft Lot
- Level Lot
Home Design
- Flat Roof Shape
- Asphalt Shingled Roof
- Aluminum Siding
Interior Spaces
- High Ceiling
- Thermal Windows
- Blinds
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Home Security
- Storm Windows
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 8 Parking Spaces
- Assigned Parking
Outdoor Features
- Deck
Schools
- Lincoln-Hubbard Elementary School
- Summit Middle School
- Summit High School
Utilities
- Window Unit Cooling System
- Multiple Heating Units
- Radiator
- Hot Water Baseboard Heater
- Standard Electricity
- Gas Water Heater
Community Details
- 3,712 Sq Ft Building
Listing and Financial Details
- Assessor Parcel Number 2918-03401-0000-00017-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,934 | $365,800 | $150,400 | $215,400 |
| 2024 | $15,828 | $365,800 | $150,400 | $215,400 |
| 2023 | $15,828 | $365,800 | $150,400 | $215,400 |
| 2022 | $15,667 | $365,800 | $150,400 | $215,400 |
| 2021 | $15,792 | $365,800 | $150,400 | $215,400 |
| 2020 | $15,949 | $365,800 | $150,400 | $215,400 |
| 2019 | $15,967 | $365,800 | $150,400 | $215,400 |
| 2018 | $15,865 | $365,800 | $150,400 | $215,400 |
| 2017 | $15,967 | $365,800 | $150,400 | $215,400 |
| 2016 | $15,733 | $365,800 | $150,400 | $215,400 |
| 2015 | $15,426 | $365,800 | $150,400 | $215,400 |
| 2014 | $15,027 | $365,800 | $150,400 | $215,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2025 12/16/25 | For Sale | $1,888,000 | -- | $509 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $935,000 | First American Title Insurance | |
| Quit Claim Deed | -- | None Available |
Source: Garden State MLS
MLS Number: 4001836
APN: 18-03401-0000-00017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
Information deemed reliable but not guaranteed.
Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.
- 1 Irving Place
- 133 Summit Ave Unit 16A
- 133 Morris Ave
- 14 Euclid Ave Unit 102
- 1 Euclid Ave Unit 3B
- 11 Euclid Ave Unit 4D
- 23 Euclid Ave
- 28 Glenside Ave
- 69 Elm St
- 25 Dogwood Dr
- 40 Prospect St
- 1 Baltusrol Place
- 80 Glenside Ave
- 28 Morris Ave Unit G4
- 64 Tulip St
- 49 Norwood Ave
- 61 Tulip St
- 67 Tulip St
- 60 Fernwood Rd
- 37-39 Edison Dr
- 25 Ruthven Place
- 29 Walnut St Unit 2
- 123-127 Summit Ave
- 145-147 Summit Ave
- 232 Morris Ave Unit 234
- 103 Park Ave Unit E206
- 8 William St Unit 10
- 27 Ashwood Ave
- 29 Euclid Ave Unit 203
- 34 Ashwood Ave Unit 2
- 30 Woodland Ave Unit 2
- 149 Broad St Unit 151
- 20 Van Dyke Place
- 11 Morris Ct
- 54 Ashwood Ave
- 12 John St
- 26 Locust Dr
- 6 Caldwell Ave Unit A
- 21 Ridgedale Ave
- 548 Springfield Ave
Ask me questions while you tour the home.