24 Franklin Place Summit, NJ 07901
Estimated payment $10,463/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 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 Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS Brokerage Phone: 201-306-1357 Listed on: 03/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,354
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2026 04/29/26 | Price Changed | $1,688,000 | -3.4% | $455 / Sq Ft |
| 03/26/2026 03/26/26 | For Sale | $1,748,000 | -- | $471 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $935,000 | First American Title Insurance | |
| Quit Claim Deed | -- | None Available |
Source: Garden State MLS
MLS Number: 4017192
APN: 18-03401-0000-00017
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